Deutsche Bank AG Grows Stock Position in Portillo’s Inc. (NASDAQ:PTLO)

Deutsche Bank AG boosted its position in Portillo’s Inc. (NASDAQ:PTLO) by 13.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,826 shares of the company’s stock after purchasing an additional 15,904 shares during the quarter. Deutsche Bank AG owned about 0.18% of Portillo’s worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PTLO. Hollencrest Capital Management lifted its position in Portillo’s by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. Comerica Bank boosted its position in shares of Portillo’s by 172.6% during the fourth quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after buying an additional 3,416 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Portillo’s in the fourth quarter worth $62,000. Headlands Technologies LLC acquired a new position in shares of Portillo’s during the fourth quarter valued at approximately $83,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Portillo’s during the fourth quarter worth about $90,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

PTLO has been the subject of a number of research analyst reports. Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a report on Wednesday, May 7th. Robert W. Baird restated a “neutral” rating and issued a $12.00 price objective (down from $15.00) on shares of Portillo’s in a research note on Monday, April 7th. Stifel Nicolaus increased their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Piper Sandler decreased their price objective on Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Finally, Morgan Stanley set a $12.00 price objective on Portillo’s in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.71.

Insider Buying and Selling at Portillo’s

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.57% of the company’s stock.

Portillo’s Price Performance

Shares of Portillo’s stock opened at $11.43 on Monday. The stock has a market capitalization of $852.71 million, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83. Portillo’s Inc. has a twelve month low of $8.38 and a twelve month high of $15.78. 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 company has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $11.81.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share 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 period last year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Portillo’s Inc. will post 0.35 EPS 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.