Portillo’s Inc. (NASDAQ:PTLO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,281 shares of the company’s stock after acquiring an additional 10,723 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Portillo’s worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management boosted its position 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 acquiring an additional 2,000 shares during the last quarter. Comerica Bank lifted its position in Portillo’s by 172.6% in the fourth quarter. Comerica Bank now owns 5,395 shares of the company’s stock valued at $51,000 after buying an additional 3,416 shares during the last quarter. Fund 1 Investments LLC acquired a new position in Portillo’s in the fourth quarter valued at about $53,000. BNP Paribas Financial Markets acquired a new position in Portillo’s in the fourth quarter valued at about $62,000. Finally, Headlands Technologies LLC acquired a new position in Portillo’s in the fourth quarter valued at about $83,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Stock Down 1.9%

Shares of NASDAQ:PTLO opened at $11.58 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The firm has a market capitalization of $866.36 million, a PE ratio of 27.57, a price-to-earnings-growth ratio of 14.77 and a beta of 1.87. The firm’s 50-day moving average is $11.49 and its two-hundred day moving average is $11.84. Portillo’s Inc. has a 1 year low of $8.38 and a 1 year high of $15.78.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $176.44 million for the quarter, compared to analyst estimates of $180.76 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’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 firm earned $0.08 earnings per share. Analysts predict that Portillo’s Inc. will post 0.35 EPS for the current year.

Insiders Place Their Bets

In related news, Director Berkshire Partners Llc sold 10,000,000 shares of the company’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 can be accessed through this hyperlink. Insiders own 6.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on PTLO shares. Stephens reaffirmed an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research report on Wednesday, May 7th. Baird R W cut shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Piper Sandler decreased their target price 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. William Blair reaffirmed an “outperform” rating on shares of Portillo’s in a research report on Friday, May 30th. Finally, UBS Group decreased their target price 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.71.

Portillo’s Company 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.