SG Americas Securities LLC Raises Position in Portillo’s Inc. (NASDAQ:PTLO)

SG Americas Securities LLC lifted its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 41.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,679 shares of the company’s stock after purchasing an additional 17,629 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Portillo’s worth $710,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PTLO. Dimensional Fund Advisors LP boosted its holdings in shares of Portillo’s by 139.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock worth $10,360,000 after purchasing an additional 641,273 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Portillo’s during the fourth quarter worth $4,105,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Portillo’s during the fourth quarter worth $2,623,000. First Eagle Investment Management LLC acquired a new stake in shares of Portillo’s during the fourth quarter worth $2,577,000. Finally, Woodline Partners LP boosted its holdings in shares of Portillo’s by 109.9% during the fourth quarter. Woodline Partners LP now owns 379,672 shares of the company’s stock worth $3,569,000 after purchasing an additional 198,830 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Activity at Portillo’s

In related 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 value of $122,300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PTLO shares. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a report on Wednesday, May 7th. Piper Sandler decreased their price objective on Portillo’s from $17.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Portillo’s in a research report on Friday, May 30th. Stifel Nicolaus increased their target price on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Morgan Stanley set a $12.00 target price on Portillo’s in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.71.

Portillo’s Trading Down 1.7%

Shares of PTLO opened at $11.28 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $843.97 million, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 4.55 and a beta of 1.87. The stock’s fifty day simple moving average is $11.54 and its 200 day simple moving average is $11.85. 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 quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Portillo’s Inc. will post 0.35 earnings per share for the current year.

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.