Portillo’s Inc. (NASDAQ:PTLO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its position in Portillo’s Inc. (NASDAQ:PTLO) by 26.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,220,048 shares of the company’s stock after selling 442,782 shares during the quarter. Blair William & Co. IL’s holdings in Portillo’s were worth $11,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in PTLO. Engaged Capital LLC raised its position in shares of Portillo’s by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after acquiring an additional 3,354,513 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of Portillo’s in the 3rd quarter valued at about $12,337,000. Chicago Partners Investment Group LLC purchased a new position in shares of Portillo’s in the 4th quarter valued at about $2,590,000. First Eagle Investment Management LLC acquired a new position in Portillo’s in the 4th quarter worth about $2,577,000. Finally, Principal Financial Group Inc. boosted its position in Portillo’s by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after purchasing an additional 175,999 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PTLO shares. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus upped their price objective on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Stephens lifted their target price on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Portillo’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.29.

Portillo’s Stock Performance

NASDAQ:PTLO opened at $11.90 on Friday. The company has a market cap of $887.78 million, a P/E ratio of 28.33, a P/E/G ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a twelve month low of $8.38 and a twelve month high of $15.78. The company’s 50-day moving average price is $13.61 and its 200-day moving average price is $12.23. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. On average, sell-side analysts forecast that Portillo’s Inc. will post 0.35 earnings per share 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.