Victory Capital Management Inc. Raises Stock Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Victory Capital Management Inc. lifted its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 23.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,766 shares of the company’s stock after purchasing an additional 15,175 shares during the quarter. Victory Capital Management Inc. owned 0.11% of Portillo’s worth $1,061,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PTLO. Wolff Wiese Magana LLC increased its holdings in shares of Portillo’s by 2.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock worth $434,000 after buying an additional 781 shares during the last quarter. NBC Securities Inc. increased its stake in Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after acquiring an additional 1,000 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in Portillo’s by 7.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock valued at $220,000 after purchasing an additional 1,555 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Portillo’s by 17.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,917 shares during the period. Finally, Select Equity Group L.P. increased its position in shares of Portillo’s by 2.6% during the 2nd quarter. Select Equity Group L.P. now owns 112,424 shares of the company’s stock valued at $1,093,000 after purchasing an additional 2,897 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

Portillo’s stock opened at $11.24 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market capitalization of $834.23 million, a PE ratio of 26.90, a P/E/G ratio of 12.85 and a beta of 1.78. The company has a 50 day moving average price of $12.56 and a 200-day moving average price of $11.23. Portillo’s Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $16.92.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the company posted $0.07 EPS. Portillo’s’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Portillo’s Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on PTLO. Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research note on Wednesday, November 6th. UBS Group increased their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Stephens restated an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.00.

Portillo’s Profile

Portillo’s Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.