Perfromance Wealth Partners LLC Takes Position in Portillo’s Inc. (NASDAQ:PTLO)

Perfromance Wealth Partners LLC purchased a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,411 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Portillo’s by 24.7% during the second quarter. Rhumbline Advisers now owns 75,392 shares of the company’s stock worth $733,000 after purchasing an additional 14,948 shares during the period. Point72 DIFC Ltd acquired a new stake in Portillo’s during the second quarter worth approximately $29,000. Squarepoint Ops LLC grew its stake in Portillo’s by 307.9% during the second quarter. Squarepoint Ops LLC now owns 522,580 shares of the company’s stock worth $5,079,000 after purchasing an additional 394,479 shares during the period. Engaged Capital LLC grew its stake in Portillo’s by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock worth $26,832,000 after purchasing an additional 770,443 shares during the period. Finally, Millennium Management LLC grew its stake in Portillo’s by 499.4% during the second quarter. Millennium Management LLC now owns 392,167 shares of the company’s stock worth $3,812,000 after purchasing an additional 326,743 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PTLO. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. UBS Group reduced their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research note on Wednesday, November 6th. Finally, Morgan Stanley reduced their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Portillo’s presently has a consensus rating of “Hold” and a consensus price target of $13.57.

Portillo’s Stock Up 1.4 %

Shares of NASDAQ:PTLO opened at $11.90 on Wednesday. The stock has a market cap of $883.22 million, a price-to-earnings ratio of 28.33, a PEG ratio of 12.32 and a beta of 1.72. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $16.17. The business’s 50 day moving average is $10.29 and its 200 day moving average is $11.24.

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, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, sell-side analysts forecast that Portillo’s Inc. will post 0.33 earnings per share for the current fiscal year.

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.