NBC Securities Inc. Acquires 1,000 Shares of Portillo’s Inc. (NASDAQ:PTLO)

NBC Securities Inc. raised its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 43.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,300 shares of the company’s stock after acquiring an additional 1,000 shares during the period. NBC Securities Inc.’s holdings in Portillo’s were worth $44,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Portillo’s during the second quarter valued at approximately $29,000. AdvisorShares Investments LLC purchased a new stake in Portillo’s during the second quarter valued at $52,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Portillo’s by 241.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock valued at $54,000 after acquiring an additional 2,694 shares during the period. Fifth Third Bancorp boosted its position in Portillo’s by 283.0% in the second quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock worth $127,000 after purchasing an additional 9,680 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Portillo’s by 24.9% during the 2nd quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock valued at $159,000 after purchasing an additional 3,261 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Down 0.6 %

PTLO opened at $12.38 on Monday. Portillo’s Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $16.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. The stock has a market cap of $903.43 million, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 15.48 and a beta of 1.78. The firm’s fifty day moving average is $12.44 and its 200 day moving average is $11.22.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $181.86 million during the quarter, compared to the consensus estimate of $184.44 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. On average, sell-side analysts forecast that Portillo’s Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on PTLO. Bank of America dropped their price objective on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Stephens lowered Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective for the company. in a research note on Monday, October 7th. Stifel Nicolaus decreased their target price on Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, Morgan Stanley cut their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Portillo’s presently has a consensus rating of “Moderate Buy” and an average target price of $13.86.

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.