Rhumbline Advisers Buys 1,744 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Rhumbline Advisers boosted its position in Portillo’s Inc. (NASDAQ:PTLO) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,605 shares of the company’s stock after buying an additional 1,744 shares during the period. Rhumbline Advisers owned approximately 0.11% of Portillo’s worth $982,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Portillo’s by 139.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock worth $10,360,000 after buying an additional 641,273 shares during the period. Bamco Inc. NY bought a new position in shares of Portillo’s in the fourth quarter valued at approximately $4,105,000. Landscape Capital Management L.L.C. bought a new stake in Portillo’s during the fourth quarter worth $2,623,000. First Eagle Investment Management LLC purchased a new stake in Portillo’s in the 4th quarter valued at $2,577,000. Finally, Woodline Partners LP boosted its holdings in Portillo’s by 109.9% during 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 during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PTLO shares. Stifel Nicolaus raised their price target on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research report on Wednesday, May 7th. Robert W. Baird reissued a “neutral” rating and issued a $12.00 target price (down from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Morgan Stanley set a $12.00 price objective on shares of Portillo’s in a report on Monday, April 14th. Finally, William Blair reiterated an “outperform” rating on shares of Portillo’s in a research report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.71.

Portillo’s Price Performance

Shares of Portillo’s stock opened at $11.47 on Friday. Portillo’s Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The firm has a market capitalization of $858.13 million, a PE ratio of 26.68, a price-to-earnings-growth ratio of 4.55 and a beta of 1.87. The business’s 50-day moving average price is $11.56 and its 200-day moving average price is $11.85. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. Portillo’s had a return on equity of 5.87% and a net margin of 3.92%. The company had revenue of $176.44 million during the quarter, compared to analysts’ expectations of $180.76 million. During the same period in the prior year, the business posted $0.08 EPS. Portillo’s’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity

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 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.14% of the company’s stock.

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.