Goldman Sachs Group Inc. Sells 449,540 Shares of Portillo’s Inc. $PTLO

Goldman Sachs Group Inc. decreased its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 55.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,942 shares of the company’s stock after selling 449,540 shares during the period. Goldman Sachs Group Inc. owned 0.49% of Portillo’s worth $4,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Soros Capital Management LLC boosted its position in shares of Portillo’s by 486.8% during the 1st quarter. Soros Capital Management LLC now owns 431,012 shares of the company’s stock valued at $5,125,000 after purchasing an additional 357,561 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Portillo’s by 53.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company’s stock valued at $40,590,000 after purchasing an additional 1,191,443 shares in the last quarter. Orbis Allan Gray Ltd boosted its position in shares of Portillo’s by 4.1% during the 1st quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company’s stock valued at $71,027,000 after purchasing an additional 234,475 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Portillo’s during the 1st quarter valued at about $1,445,000. Finally, Invesco Ltd. boosted its position in shares of Portillo’s by 196.6% during the 1st quarter. Invesco Ltd. now owns 173,928 shares of the company’s stock valued at $2,068,000 after purchasing an additional 115,278 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PTLO has been the subject of a number of research reports. UBS Group reduced their price objective on Portillo’s from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Monday. Guggenheim reduced their price objective on Portillo’s from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, July 8th. Robert W. Baird reduced their price objective on Portillo’s from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Bank of America reduced their price objective on Portillo’s from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, July 18th. Finally, Stephens set a $10.00 price objective on Portillo’s in a research note on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Portillo’s has a consensus rating of “Moderate Buy” and a consensus price target of $12.19.

Portillo’s Price Performance

PTLO stock opened at $6.22 on Thursday. Portillo’s Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $15.78. The business’s 50 day moving average price is $8.36 and its two-hundred day moving average price is $10.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.29. The company has a market capitalization of $468.68 million, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 4.75 and a beta of 1.78.

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

Insider Buying and Selling

In related news, General Counsel Kelly M. Kaiser purchased 27,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $7.68 per share, for a total transaction of $207,360.00. Following the purchase, the general counsel directly owned 68,495 shares of the company’s stock, valued at approximately $526,041.60. This represents a 65.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. purchased 130,250 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $7.68 per share, for a total transaction of $1,000,320.00. Following the purchase, the director directly owned 130,250 shares in the company, valued at $1,000,320. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is currently owned by corporate insiders.

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.