Versor Investments LP Acquires 37,422 Shares of Portillo’s Inc. $PTLO

Versor Investments LP raised its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 252.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,222 shares of the company’s stock after buying an additional 37,422 shares during the period. Versor Investments LP’s holdings in Portillo’s were worth $609,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Soros Capital Management LLC increased its stake in shares of Portillo’s by 486.8% during the first quarter. Soros Capital Management LLC now owns 431,012 shares of the company’s stock worth $5,125,000 after purchasing an additional 357,561 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Portillo’s by 53.6% during the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company’s stock worth $40,590,000 after purchasing an additional 1,191,443 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Portillo’s during the second quarter worth approximately $6,537,000. CenterStar Asset Management LLC grew its position in Portillo’s by 375.5% during the second quarter. CenterStar Asset Management LLC now owns 52,300 shares of the company’s stock worth $611,000 after buying an additional 41,300 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its position in Portillo’s by 4.1% during the first quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company’s stock worth $71,027,000 after buying an additional 234,475 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PTLO shares. Guggenheim reduced their price target on Portillo’s from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, July 8th. Wall Street Zen downgraded Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Portillo’s in a research report on Wednesday, October 8th. Bank of America reaffirmed a “neutral” rating and issued a $7.00 target price (down previously from $14.00) on shares of Portillo’s in a report on Monday, October 6th. Finally, Morgan Stanley set a $9.00 target price on Portillo’s in a report on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Portillo’s currently has an average rating of “Hold” and a consensus target price of $10.17.

Portillo’s Trading Down 7.3%

NASDAQ PTLO opened at $4.86 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.29 and a debt-to-equity ratio of 0.49. Portillo’s Inc. has a twelve month low of $4.85 and a twelve month high of $15.78. The company has a market cap of $366.19 million, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 4.59 and a beta of 1.73. The business’s fifty day moving average is $6.20 and its 200 day moving average is $9.11.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Portillo’s had a net margin of 4.19% and a return on equity of 6.25%. The firm had revenue of $181.43 million for the quarter, compared to analyst estimates of $179.77 million. As a group, sell-side analysts expect that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Insider Transactions at Portillo’s

In related news, General Counsel Kelly M. Kaiser bought 27,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $7.68 per share, with a total value of $207,360.00. Following the transaction, the general counsel directly owned 68,495 shares in the company, valued at approximately $526,041.60. This trade represents a 65.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eugene I. Lee, Jr. bought 130,250 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $7.68 per share, with a total value of $1,000,320.00. Following the completion of the transaction, the director owned 130,250 shares in the company, valued at $1,000,320. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 210,570 shares of company stock worth $1,614,474. Insiders own 6.14% of the company’s stock.

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.