Portillo’s Inc. (NASDAQ:PTLO) Shares Bought by State Street Corp

State Street Corp increased its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 1.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,085,786 shares of the company’s stock after purchasing an additional 17,306 shares during the period. State Street Corp owned approximately 1.49% of Portillo’s worth $14,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PTLO. Point72 DIFC Ltd acquired a new position in shares of Portillo’s during the second quarter worth $29,000. NBC Securities Inc. lifted its position in shares of Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares in the last quarter. nVerses Capital LLC acquired a new stake in Portillo’s during the third quarter worth approximately $69,000. AdvisorShares Investments LLC purchased a new stake in shares of Portillo’s in the second quarter valued at $52,000. Finally, Intech Investment Management LLC acquired a new position in shares of Portillo’s during the 3rd quarter valued at about $181,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Trading Up 2.7 %

PTLO opened at $9.04 on Wednesday. The company’s 50 day moving average price is $11.44 and its two-hundred day moving average price is $11.22. 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 $670.97 million, a price-to-earnings ratio of 21.52, a PEG ratio of 10.96 and a beta of 1.68. Portillo’s Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $16.85.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same period in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Portillo’s Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Wednesday, November 6th. UBS Group boosted their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Stephens restated an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Portillo’s has an average rating of “Hold” and a consensus price target of $14.00.

About Portillo’s

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.