141,550 Shares in Portillo’s Inc. (NASDAQ:PTLO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 141,550 shares of the company’s stock, valued at approximately $1,331,000. Raymond James Financial Inc. owned 0.19% of Portillo’s at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Lakewood Asset Management LLC boosted its holdings in Portillo’s by 2.2% in the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock valued at $984,000 after purchasing an additional 2,251 shares during the period. Stoneridge Investment Partners LLC boosted its stake in Portillo’s by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after buying an additional 2,396 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Portillo’s by 3.5% during the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company’s stock worth $760,000 after buying an additional 2,741 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Portillo’s by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,262 shares of the company’s stock worth $4,345,000 after purchasing an additional 3,845 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Portillo’s by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 83,606 shares of the company’s stock worth $786,000 after buying an additional 4,840 shares during the period. 98.34% of the stock is owned by institutional investors.

Portillo’s Trading Up 1.9 %

NASDAQ PTLO opened at $12.38 on Thursday. 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 stock has a market capitalization of $923.59 million, a price-to-earnings ratio of 29.48, a PEG ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a one year low of $8.38 and a one year high of $15.78. The business’s fifty day moving average is $13.63 and its 200-day moving average is $12.23.

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

Wall Street Analysts Forecast Growth

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

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.