Swiss National Bank increased its holdings in Portillo’s Inc. (NASDAQ:PTLO – Get Rating) by 43.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,500 shares of the company’s stock after purchasing an additional 29,700 shares during the quarter. Swiss National Bank owned 0.23% of Portillo’s worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Portillo’s by 41.1% during the third quarter. Vanguard Group Inc. now owns 2,583,288 shares of the company’s stock valued at $50,866,000 after buying an additional 752,280 shares during the last quarter. BlackRock Inc. increased its stake in Portillo’s by 21.6% in the 3rd quarter. BlackRock Inc. now owns 1,516,245 shares of the company’s stock worth $29,854,000 after purchasing an additional 269,526 shares during the period. Emerald Advisers LLC increased its stake in Portillo’s by 15.6% in the 4th quarter. Emerald Advisers LLC now owns 856,424 shares of the company’s stock worth $13,977,000 after purchasing an additional 115,300 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in Portillo’s by 7.6% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 679,434 shares of the company’s stock valued at $11,088,000 after purchasing an additional 48,282 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Portillo’s during the second quarter valued at approximately $10,081,000. 72.88% of the stock is owned by institutional investors.
Insider Activity at Portillo’s
In other Portillo’s news, VP George Richard Cook III sold 18,662 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $18.95, for a total value of $353,644.90. Following the completion of the transaction, the vice president now owns 9,907 shares in the company, valued at $187,737.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.19% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts recently commented on PTLO shares. Morgan Stanley upped their price target on shares of Portillo’s from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Guggenheim raised shares of Portillo’s from a “neutral” rating to a “buy” rating and upped their price objective for the company from $22.00 to $25.00 in a research note on Friday, May 5th. Finally, Stifel Nicolaus raised their target price on Portillo’s from $24.00 to $25.00 in a research note on Friday, May 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Portillo’s currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.
Portillo’s Trading Up 1.3 %
NASDAQ:PTLO opened at $19.95 on Friday. Portillo’s Inc. has a 12 month low of $14.84 and a 12 month high of $28.93. The company has a current ratio of 0.43, a quick ratio of 0.37 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $20.82 and a 200-day moving average price of $20.47. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 83.13, a P/E/G ratio of 6.23 and a beta of 2.01.
Portillo’s (NASDAQ:PTLO – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Portillo’s had a net margin of 1.67% and a return on equity of 2.95%. The business had revenue of $150.88 million during the quarter, compared to analyst estimates of $155.34 million. During the same period last year, the business posted ($0.52) earnings per share. Portillo’s’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Portillo’s Inc. will post 0.35 EPS for the current year.
Portillo’s Profile
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Portillo’s Inc owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. As of June 26, 2022, it owned and operated 71 Portillo’s restaurants across nine states.
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