California State Teachers Retirement System Grows Holdings in Portillo’s Inc. (NASDAQ:PTLO)

California State Teachers Retirement System raised its stake in Portillo’s Inc. (NASDAQ:PTLO) by 12.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,341 shares of the company’s stock after acquiring an additional 5,762 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Portillo’s worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTLO. Norges Bank purchased a new position in Portillo’s in the fourth quarter valued at about $22,032,000. Vanguard Group Inc. boosted its stake in Portillo’s by 41.1% in the third quarter. Vanguard Group Inc. now owns 2,583,288 shares of the company’s stock valued at $50,866,000 after acquiring an additional 752,280 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Portillo’s in the second quarter valued at approximately $10,081,000. Zuckerman Investment Group LLC bought a new stake in shares of Portillo’s in the fourth quarter valued at approximately $6,635,000. Finally, Marshall Wace LLP raised its position in shares of Portillo’s by 923.4% in the fourth quarter. Marshall Wace LLP now owns 443,089 shares of the company’s stock valued at $7,231,000 after purchasing an additional 399,793 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PTLO shares. Stifel Nicolaus boosted their price target on shares of Portillo’s from $24.00 to $25.00 in a research report on Friday, May 5th. Guggenheim raised shares of Portillo’s from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.00 to $25.00 in a research report on Friday, May 5th. Robert W. Baird lowered their price target on shares of Portillo’s from $30.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Morgan Stanley lowered their price target on shares of Portillo’s from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Portillo’s presently has an average rating of “Moderate Buy” and an average price target of $24.80.

Portillo’s Stock Performance

Portillo’s stock opened at $18.26 on Friday. The firm’s 50 day simple moving average is $21.01 and its 200 day simple moving average is $21.01. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.01 billion, a PE ratio of 79.39, a price-to-earnings-growth ratio of 8.21 and a beta of 2.00. Portillo’s Inc. has a 1-year low of $15.84 and a 1-year high of $25.88.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Thursday, August 3rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The firm had revenue of $169.18 million for the quarter, compared to the consensus estimate of $169.59 million. Portillo’s had a return on equity of 3.35% and a net margin of 1.88%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. As a group, analysts expect that Portillo’s Inc. will post 0.31 earnings per share for the current fiscal year.

Portillo’s Profile

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. The company also offers its products through its website.