Barclays PLC Sells 18,518 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Barclays PLC cut its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,912 shares of the company’s stock after selling 18,518 shares during the quarter. Barclays PLC owned 0.13% of Portillo’s worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hollencrest Capital Management grew its stake in shares of Portillo’s by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Portillo’s by 5.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock valued at $405,000 after acquiring an additional 2,038 shares in the last quarter. Lakewood Asset Management LLC grew its position in Portillo’s by 2.2% during the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after acquiring an additional 2,251 shares during the last quarter. Stoneridge Investment Partners LLC increased its holdings in Portillo’s by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock worth $118,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Portillo’s by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company’s stock valued at $760,000 after purchasing an additional 2,741 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTLO has been the topic of several research reports. Stephens boosted their price target on Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Morgan Stanley set a $12.00 price target on shares of Portillo’s in a research report on Monday, April 14th. 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 report on Friday, February 28th. Robert W. Baird reissued a “neutral” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Portillo’s in a research note on Monday, April 7th. Finally, UBS Group lowered their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Portillo’s presently has a consensus rating of “Hold” and an average target price of $13.71.

Portillo’s Price Performance

PTLO stock opened at $10.40 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market cap of $775.87 million, a price-to-earnings ratio of 24.76, a PEG ratio of 14.77 and a beta of 1.83. The company’s fifty day simple moving average is $12.01 and its 200 day simple moving average is $11.91. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $15.78.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. During the same period in the previous year, the business earned $0.13 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Portillo’s Profile

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.