Portillo’s Inc. (NASDAQ:PTLO) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,291,846 shares of the company’s stock after buying an additional 32,810 shares during the period. Franklin Resources Inc.’s holdings in Portillo’s were worth $15,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Portillo’s during the 2nd quarter worth about $29,000. NBC Securities Inc. increased its position 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 purchasing an additional 1,000 shares during the last quarter. nVerses Capital LLC purchased a new position in Portillo’s during the third quarter worth approximately $69,000. AdvisorShares Investments LLC acquired a new position in shares of Portillo’s in the 2nd quarter valued at $52,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after purchasing an additional 9,680 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

PTLO has been the subject of a number of research analyst reports. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a report on Wednesday, November 6th. UBS Group upped their price target on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.00.

Portillo’s Stock Performance

Portillo’s stock opened at $8.66 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s Inc. has a one year low of $8.63 and a one year high of $16.85. The stock’s 50 day moving average price is $11.51 and its 200 day moving average price is $11.22. The firm has a market capitalization of $642.76 million, a PE ratio of 20.62, a price-to-earnings-growth ratio of 10.96 and a beta of 1.68.

Portillo’s (NASDAQ:PTLO) last announced its earnings results 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. The business had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, sell-side analysts expect that Portillo’s Inc. will post 0.3 EPS for the current fiscal year.

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.