ProShare Advisors LLC Boosts Position in Portillo’s Inc. (NASDAQ:PTLO)

ProShare Advisors LLC lifted its position in Portillo’s Inc. (NASDAQ:PTLO) by 49.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,213 shares of the company’s stock after buying an additional 5,006 shares during the quarter. ProShare Advisors LLC’s holdings in Portillo’s were worth $143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Portillo’s by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company’s stock valued at $289,000 after purchasing an additional 1,185 shares in the last quarter. Hollencrest Capital Management raised its holdings 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 valued at $38,000 after buying an additional 2,000 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in Portillo’s by 5.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock worth $405,000 after buying an additional 2,038 shares during the last quarter. Stoneridge Investment Partners LLC boosted its stake in Portillo’s by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock worth $118,000 after buying an additional 2,396 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Portillo’s by 3.5% during the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company’s stock worth $760,000 after acquiring an additional 2,741 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Stock Performance

NASDAQ:PTLO opened at $12.41 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’s fifty day simple moving average is $11.52 and its 200 day simple moving average is $11.81. The stock has a market cap of $928.45 million, a P/E ratio of 29.55, 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.

Portillo’s (NASDAQ:PTLO) last announced its 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 firm had revenue of $176.44 million for the quarter, compared to analyst estimates of $180.76 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Portillo’s Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $12.00 target price on Portillo’s in a research note on Monday, April 14th. UBS Group dropped their price objective on Portillo’s from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Portillo’s in a research note on Friday. Robert W. Baird reissued a “neutral” rating and set a $12.00 price target (down previously from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Portillo’s presently has a consensus rating of “Hold” and an average target price of $13.71.

Insiders Place Their Bets

In other Portillo’s 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 is accessible through this link. Company insiders own 6.57% of the company’s stock.

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.