Portillo’s Inc. (NASDAQ:PTLO) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 51.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,811 shares of the company’s stock after purchasing an additional 11,433 shares during the quarter. Corient Private Wealth LLC’s holdings in Portillo’s were worth $318,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Portillo’s during the third quarter worth approximately $181,000. Charles Schwab Investment Management Inc. increased its position in shares of Portillo’s by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company’s stock worth $6,175,000 after purchasing an additional 26,588 shares during the last quarter. State Street Corp raised its stake in shares of Portillo’s by 1.6% in the 3rd quarter. State Street Corp now owns 1,085,786 shares of the company’s stock valued at $14,626,000 after purchasing an additional 17,306 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Portillo’s in the 3rd quarter valued at about $12,337,000. Finally, Barclays PLC lifted its position in shares of Portillo’s by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company’s stock worth $1,581,000 after purchasing an additional 41,944 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $11.90 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The firm has a market capitalization of $887.78 million, a PE ratio of 28.33, a P/E/G ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $15.78. The business’s fifty day moving average price is $13.61 and its two-hundred day moving average price is $12.23.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $184.61 million for 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. On average, research analysts expect that Portillo’s Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PTLO. UBS Group cut their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus boosted their target price on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Stephens increased their target price on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.29.

Portillo’s Company 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.