Barclays PLC Purchases 41,944 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Barclays PLC grew its position in Portillo’s Inc. (NASDAQ:PTLOFree Report) by 55.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,430 shares of the company’s stock after acquiring an additional 41,944 shares during the period. Barclays PLC owned 0.16% of Portillo’s worth $1,581,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First Dallas Securities Inc. bought a new stake in Portillo’s during the 3rd quarter worth approximately $300,000. Geode Capital Management LLC grew its holdings in shares of Portillo’s by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock worth $17,113,000 after purchasing an additional 49,181 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Portillo’s in the third quarter valued at $12,337,000. State Street Corp increased its stake in shares of Portillo’s by 1.6% in the third quarter. State Street Corp now owns 1,085,786 shares of the company’s stock valued at $14,626,000 after buying an additional 17,306 shares in the last quarter. Finally, Engaged Capital LLC raised its holdings in shares of Portillo’s by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock valued at $82,368,000 after buying an additional 3,354,513 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Up 7.9 %

PTLO opened at $9.93 on Friday. The firm has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $11.15. Portillo’s Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $16.17. The company has a market cap of $737.02 million, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

Portillo’s (NASDAQ:PTLOGet Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. On average, sell-side analysts anticipate that Portillo’s Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PTLO shares. Stifel Nicolaus cut 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 report on Wednesday, November 6th. UBS Group lowered their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.57.

View Our Latest Report on PTLO

About Portillo’s

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Portillo's (NASDAQ:PTLO)

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