Advisory Research Inc. raised its position in Portillo’s Inc. (NASDAQ:PTLO – Get Rating) by 55.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,736 shares of the company’s stock after acquiring an additional 36,045 shares during the period. Advisory Research Inc. owned about 0.24% of Portillo’s worth $1,983,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PTLO. Raymond James & Associates raised its holdings in Portillo’s by 41.0% in the 1st quarter. Raymond James & Associates now owns 45,306 shares of the company’s stock valued at $1,113,000 after acquiring an additional 13,170 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Portillo’s by 57.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,964 shares of the company’s stock worth $834,000 after buying an additional 12,455 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Portillo’s by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 70,644 shares of the company’s stock worth $1,735,000 after buying an additional 3,511 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Portillo’s by 25.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,552 shares of the company’s stock worth $922,000 after buying an additional 7,601 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Portillo’s by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 14,070 shares of the company’s stock worth $346,000 after buying an additional 5,017 shares in the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.
Insider Activity at Portillo’s
In related news, VP George Richard Cook III sold 18,662 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $18.95, for a total transaction of $353,644.90. Following the completion of the sale, the vice president now directly owns 9,907 shares of the company’s stock, valued at approximately $187,737.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.33% of the company’s stock.
Wall Street Analyst Weigh In
Portillo’s Trading Down 0.3 %
Shares of PTLO opened at $18.83 on Wednesday. Portillo’s Inc. has a 1 year low of $14.84 and a 1 year high of $28.93. The company has a current ratio of 0.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $21.17 and a 200-day simple moving average of $20.76. The stock has a market cap of $914.01 million, a PE ratio of 75.32, a PEG ratio of 4.01 and a beta of 2.10.
Portillo’s (NASDAQ:PTLO – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Portillo’s had a return on equity of 2.48% and a net margin of 1.85%. The firm had revenue of $150.88 million during the quarter, compared to analysts’ expectations of $155.34 million. During the same period last year, the firm posted ($0.52) EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Portillo’s Inc. will post 0.33 EPS for the current fiscal year.
About Portillo’s
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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