BNP Paribas Financial Markets Makes New $62,000 Investment in Portillo’s Inc. (NASDAQ:PTLO)

BNP Paribas Financial Markets purchased a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,594 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PTLO. Hollencrest Capital Management grew its stake in shares of 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 purchasing an additional 2,000 shares during the period. Comerica Bank grew its stake in Portillo’s by 172.6% in the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock valued at $51,000 after acquiring an additional 3,416 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Portillo’s in the 4th quarter valued at about $83,000. KLP Kapitalforvaltning AS acquired a new stake in Portillo’s in the 4th quarter valued at about $90,000. Finally, Savant Capital LLC acquired a new stake in Portillo’s in the 4th quarter valued at about $96,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Price Performance

PTLO opened at $12.41 on Tuesday. The company’s 50 day simple moving average is $11.52 and its 200 day simple moving average is $11.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The stock has a market capitalization of $928.45 million, a PE ratio of 29.55, a P/E/G 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, topping the consensus estimate of $0.04 by $0.01. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $180.76 million. During the same period last year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that Portillo’s Inc. will post 0.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley set a $12.00 price objective on shares of Portillo’s in a research note on Monday, April 14th. Stifel Nicolaus raised their price target on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Portillo’s in a research note on Friday. Baird R W cut shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.71.

Insider Activity at Portillo’s

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.57% of the stock is currently owned by insiders.

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.