Arizona State Retirement System Has $135,000 Stock Position in Portillo’s Inc. (NASDAQ:PTLO)

Arizona State Retirement System lowered its stake in Portillo’s Inc. (NASDAQ:PTLO) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,322 shares of the company’s stock after selling 1,645 shares during the period. Arizona State Retirement System’s holdings in Portillo’s were worth $135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in Portillo’s by 23.9% during the third quarter. Victory Capital Management Inc. now owns 78,766 shares of the company’s stock worth $1,061,000 after buying an additional 15,175 shares during the last quarter. Intech Investment Management LLC bought a new position in Portillo’s during the third quarter worth $181,000. Charles Schwab Investment Management Inc. raised its stake in Portillo’s by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company’s stock worth $6,175,000 after buying an additional 26,588 shares during the last quarter. Soros Capital Management LLC raised its stake in Portillo’s by 51.9% during the third quarter. Soros Capital Management LLC now owns 49,020 shares of the company’s stock worth $660,000 after buying an additional 16,758 shares during the last quarter. Finally, Engaged Capital LLC raised its stake in Portillo’s by 121.5% during the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after buying an additional 3,354,513 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PTLO. Stephens lifted their target price on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Morgan Stanley decreased their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group decreased their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Portillo’s currently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Portillo’s Trading Down 1.2 %

PTLO opened at $12.32 on Monday. The company has a market cap of $919.11 million, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. The company has a fifty day moving average price of $13.23 and a two-hundred day moving average price of $12.21. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $15.78. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The firm had revenue of $184.61 million during the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

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.