California State Teachers Retirement System Sells 5,782 Shares of Portillo’s Inc. (NASDAQ:PTLO)

California State Teachers Retirement System reduced its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,538 shares of the company’s stock after selling 5,782 shares during the quarter. California State Teachers Retirement System owned 0.06% of Portillo’s worth $437,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PTLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Portillo’s by 14.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,281 shares of the company’s stock valued at $811,000 after acquiring an additional 10,723 shares during the period. Woodline Partners LP raised its position in shares of Portillo’s by 109.9% in the 4th quarter. Woodline Partners LP now owns 379,672 shares of the company’s stock worth $3,569,000 after acquiring an additional 198,830 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Portillo’s in the 4th quarter worth approximately $152,000. Two Sigma Investments LP bought a new position in shares of Portillo’s in the 4th quarter worth approximately $1,827,000. Finally, Select Equity Group L.P. raised its position in shares of Portillo’s by 19.4% in the 4th quarter. Select Equity Group L.P. now owns 138,150 shares of the company’s stock worth $1,299,000 after acquiring an additional 22,459 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Trading Up 1.4%

Shares of NASDAQ PTLO opened at $11.74 on Thursday. The stock has a market capitalization of $878.33 million, a P/E ratio of 27.95, a PEG ratio of 14.77 and a beta of 1.87. The business’s 50 day moving average is $11.50 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $180.76 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Portillo’s Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PTLO shares. Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Portillo’s in a report on Monday, April 7th. Morgan Stanley set a $12.00 target price on Portillo’s in a research report on Monday, April 14th. Stephens reiterated an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research report on Wednesday, May 7th. Finally, UBS Group lowered their price objective 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.71.

Insider Buying and Selling

In other Portillo’s news, Director Berkshire Partners Llc sold 10,000,000 shares of the 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 legal filing with the SEC, which is accessible through the SEC website. 6.14% of the stock is owned by insiders.

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.