Portillo’s Inc. (NASDAQ:PTLO) Shares Acquired by Select Equity Group L.P.

Select Equity Group L.P. grew its position in Portillo’s Inc. (NASDAQ:PTLO) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,150 shares of the company’s stock after purchasing an additional 22,459 shares during the quarter. Select Equity Group L.P. owned approximately 0.19% of Portillo’s worth $1,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sherbrooke Park Advisers LLC acquired a new stake in shares of Portillo’s in the 4th quarter valued at $404,000. ProShare Advisors LLC raised its stake in Portillo’s by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 15,213 shares of the company’s stock worth $143,000 after acquiring an additional 5,006 shares in the last quarter. Marathon Partners Equity Management LLC acquired a new stake in Portillo’s during the 4th quarter worth $329,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Portillo’s by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company’s stock worth $289,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in Portillo’s during the 4th quarter worth $862,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PTLO shares. Baird R W lowered shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Robert W. Baird reiterated a “neutral” rating and set a $12.00 price target (down from $15.00) on shares of Portillo’s in a research note on Monday, April 7th. Stephens reiterated an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research note on Wednesday, May 7th. Stifel Nicolaus lifted their price target on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Piper Sandler lowered their price objective on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Portillo’s has a consensus rating of “Hold” and an average target price of $13.71.

Portillo’s Trading Up 4.5%

Shares of Portillo’s stock opened at $13.35 on Friday. Portillo’s Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market capitalization of $995.95 million, a P/E ratio of 31.79, a PEG ratio of 14.77 and a beta of 1.83. The company’s fifty day moving average is $11.67 and its two-hundred day moving average is $11.87.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. Analysts forecast that Portillo’s Inc. will post 0.35 earnings per share for the current 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.