Portillo’s (NASDAQ:PTLO) Director Buys 65,355 Shares of Stock

Portillo’s Inc. (NASDAQ:PTLO) Director Eugene Lee, Jr. purchased 65,355 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $4.59 per share, for a total transaction of $299,979.45. Following the acquisition, the director owned 551,770 shares of the company’s stock, valued at $2,532,624.30. This trade represents a 13.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Portillo’s Trading Up 5.5%

Shares of Portillo’s stock traded up $0.25 during trading on Wednesday, hitting $4.76. The company’s stock had a trading volume of 1,936,821 shares, compared to its average volume of 1,678,438. The stock has a market cap of $360.84 million, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.56. Portillo’s Inc. has a 52 week low of $3.78 and a 52 week high of $8.14. The stock has a 50-day moving average price of $4.48 and a two-hundred day moving average price of $5.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.26 and a quick ratio of 0.20.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $198.95 million during the quarter, compared to analyst estimates of $199.22 million. Portillo’s had a return on equity of 2.78% and a net margin of 1.85%.Portillo’s’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. Equities research analysts anticipate that Portillo’s Inc. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PTLO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Portillo’s in a research note on Monday, August 3rd. Roth Capital set a $8.00 price target on shares of Portillo’s in a report on Wednesday, May 6th. Robert W. Baird set a $5.25 price target on shares of Portillo’s in a research report on Wednesday, May 6th. Guggenheim lowered shares of Portillo’s from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.92.

Institutional Trading of Portillo’s

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Portillo’s by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after acquiring an additional 1,808 shares in the last quarter. CWM LLC grew its position in Portillo’s by 37.6% in the 4th quarter. CWM LLC now owns 7,216 shares of the company’s stock worth $33,000 after purchasing an additional 1,973 shares in the last quarter. ProShare Advisors LLC grew its position in Portillo’s by 20.1% in the 4th quarter. ProShare Advisors LLC now owns 12,188 shares of the company’s stock worth $55,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Portillo’s by 69.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock valued at $63,000 after buying an additional 2,227 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Portillo’s by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock worth $1,393,000 after buying an additional 2,487 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

About Portillo’s

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.