The Manufacturers Life Insurance Company Sells 802 Shares of Portillo’s Inc. (NASDAQ:PTLO)

The Manufacturers Life Insurance Company reduced its position in Portillo’s Inc. (NASDAQ:PTLO) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,671 shares of the company’s stock after selling 802 shares during the period. The Manufacturers Life Insurance Company’s holdings in Portillo’s were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PTLO. Hodges Capital Management Inc. raised its stake in Portillo’s by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock valued at $15,537,000 after acquiring an additional 737,049 shares during the period. Dimensional Fund Advisors LP raised its stake in Portillo’s by 139.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock valued at $10,360,000 after acquiring an additional 641,273 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Portillo’s in the 4th quarter valued at about $2,590,000. Landscape Capital Management L.L.C. bought a new stake in Portillo’s in the 4th quarter valued at about $2,623,000. Finally, First Eagle Investment Management LLC bought a new stake in Portillo’s in the 4th quarter valued at about $2,577,000. 98.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $12.00 price target on Portillo’s in a research report on Monday, April 14th. Stifel Nicolaus upped their price target on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Baird R W cut Portillo’s from a “strong-buy” rating to a “hold” rating in a research report 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 report on Wednesday, May 7th. Finally, UBS Group decreased their price target on Portillo’s from $15.00 to $12.00 and set a “neutral” 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.71.

Portillo’s Stock Up 4.5%

PTLO stock opened at $13.35 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $11.67 and its 200 day moving average is $11.86. The stock has a market cap of $995.95 million, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $15.78.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Sell-side analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal 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.