Price T Rowe Associates Inc. MD Acquires 3,098 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 17.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,622 shares of the company’s stock after acquiring an additional 3,098 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Portillo’s were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Portillo’s by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock worth $52,371,000 after acquiring an additional 97,801 shares during the last quarter. Zuckerman Investment Group LLC grew its holdings in Portillo’s by 6.9% during the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company’s stock worth $18,283,000 after acquiring an additional 125,073 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Portillo’s by 8.2% in the 4th quarter. Marshall Wace LLP now owns 1,751,856 shares of the company’s stock worth $16,467,000 after purchasing an additional 132,112 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Portillo’s by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock worth $15,537,000 after purchasing an additional 737,049 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Portillo’s by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 1,301,712 shares of the company’s stock worth $12,236,000 after purchasing an additional 9,866 shares during the period. 98.34% of the stock is owned by institutional investors.

Portillo’s Stock Up 4.5%

Portillo’s stock opened at $13.35 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $15.78. The firm’s fifty day moving average is $11.67 and its 200 day moving average is $11.87. The company has a market capitalization of $995.95 million, a PE ratio of 31.79, a PEG ratio of 14.77 and a beta of 1.83.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $176.44 million for the quarter, compared to the consensus estimate of $180.76 million. During the same quarter in the previous year, the company earned $0.08 EPS. Portillo’s’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTLO has been the topic of a number of recent analyst reports. Robert W. Baird restated a “neutral” rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Stephens restated an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research report on Wednesday, May 7th. Baird R W downgraded shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. UBS Group dropped their price target on shares of Portillo’s from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Finally, Piper Sandler dropped their price target 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.71.

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.