American Century Companies Inc. Takes Position in Portillo’s Inc. $PTLO

American Century Companies Inc. bought a new stake in shares of Portillo’s Inc. (NASDAQ:PTLO) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 60,372 shares of the company’s stock, valued at approximately $718,000. American Century Companies Inc. owned about 0.08% of Portillo’s as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in Portillo’s in the first quarter worth approximately $1,445,000. Invesco Ltd. lifted its position in Portillo’s by 196.6% during the 1st quarter. Invesco Ltd. now owns 173,928 shares of the company’s stock worth $2,068,000 after acquiring an additional 115,278 shares during the period. Brevan Howard Capital Management LP acquired a new stake in Portillo’s during the 4th quarter worth about $241,000. Blair William & Co. IL lifted its position in Portillo’s by 32.2% during the 1st quarter. Blair William & Co. IL now owns 1,613,012 shares of the company’s stock worth $19,179,000 after acquiring an additional 392,964 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Portillo’s during the 4th quarter worth about $1,827,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

Shares of PTLO stock opened at $6.75 on Friday. The stock’s 50-day moving average is $9.37 and its two-hundred day moving average is $11.15. The firm has a market cap of $508.61 million, a price-to-earnings ratio of 15.00, a PEG ratio of 4.69 and a beta of 1.78. Portillo’s Inc. has a 1 year low of $6.67 and a 1 year high of $15.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $197.04 million. Portillo’s had a return on equity of 6.25% and a net margin of 4.19%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Portillo’s has set its FY 2025 guidance at EPS. Analysts predict that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PTLO shares. Guggenheim decreased their price objective on Portillo’s from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. Bank of America lowered their target price on Portillo’s from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, July 18th. Robert W. Baird set a $8.00 price objective on Portillo’s in a report on Tuesday, August 5th. Morgan Stanley decreased their price target on Portillo’s from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group decreased their price target on Portillo’s from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Portillo’s has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Insider Activity at Portillo’s

In other Portillo’s news, CFO Michelle Greig Hook acquired 40,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $7.67 per share, with a total value of $306,800.00. Following the purchase, the chief financial officer directly owned 173,405 shares in the company, valued at approximately $1,330,016.35. This trade represents a 29.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Eugene I. Lee, Jr. purchased 130,250 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $7.68 per share, with a total value of $1,000,320.00. Following the completion of the acquisition, the director directly owned 130,250 shares in the company, valued at $1,000,320. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 210,570 shares of company stock valued at $1,614,474 in the last 90 days. Insiders own 6.14% of the company’s stock.

About Portillo’s

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.