SG Americas Securities LLC Invests $395,000 in Portillo’s Inc. (NASDAQ:PTLO)

SG Americas Securities LLC purchased a new position in Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 42,050 shares of the company’s stock, valued at approximately $395,000. SG Americas Securities LLC owned about 0.06% of Portillo’s at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after buying an additional 1,000 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Portillo’s during the fourth quarter worth $47,000. nVerses Capital LLC acquired a new position in Portillo’s during the third quarter worth $69,000. Perfromance Wealth Partners LLC acquired a new position in Portillo’s during the fourth quarter worth $145,000. Finally, Intech Investment Management LLC purchased a new stake in Portillo’s in the third quarter valued at $181,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Price Performance

PTLO stock opened at $13.73 on Tuesday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.02 billion, a PE ratio of 32.69, a P/E/G ratio of 14.26 and a beta of 1.81. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $16.17. The business’s fifty day moving average price is $10.63 and its 200 day moving average price is $11.47.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same quarter in the prior year, the business earned $0.07 EPS. Portillo’s’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on PTLO shares. UBS Group reduced their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research report on Wednesday, November 6th. Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and lifted their target price for the company from $13.00 to $16.00 in a research report on Monday, January 27th. Finally, Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Portillo’s presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.