Portillo’s Inc. $PTLO Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,502 shares of the company’s stock after selling 1,656 shares during the quarter. Voya Investment Management LLC’s holdings in Portillo’s were worth $172,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Portillo’s by 58.3% in the first quarter. CWM LLC now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 1,176 shares during the period. North Star Investment Management Corp. boosted its holdings in Portillo’s by 137.6% in the first quarter. North Star Investment Management Corp. now owns 3,517 shares of the company’s stock worth $42,000 after purchasing an additional 2,037 shares during the period. BNP Paribas Financial Markets acquired a new position in Portillo’s in the fourth quarter worth $62,000. GAMMA Investing LLC boosted its holdings in Portillo’s by 40,394.4% in the first quarter. GAMMA Investing LLC now owns 7,289 shares of the company’s stock worth $87,000 after purchasing an additional 7,271 shares during the period. Finally, US Bancorp DE acquired a new position in Portillo’s in the first quarter worth $95,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Stock Performance

PTLO stock opened at $6.45 on Wednesday. The company has a market capitalization of $486.01 million, a P/E ratio of 14.33, a PEG ratio of 4.88 and a beta of 1.78. The company has a 50-day simple moving average of $7.49 and a 200 day simple moving average of $10.19. Portillo’s Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $15.78. The company has a quick ratio of 0.23, a current ratio of 0.29 and a debt-to-equity ratio of 0.49.

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

Insider Activity at Portillo’s

In other Portillo’s news, CFO Michelle Greig Hook purchased 40,000 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $7.67 per share, for a total transaction of $306,800.00. Following the completion of the transaction, the chief financial officer owned 173,405 shares in the company, valued at $1,330,016.35. The trade was a 29.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Osanloo purchased 11,320 shares of the company’s stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $7.42 per share, for a total transaction of $83,994.40. Following the completion of the transaction, the chief executive officer owned 63,317 shares of the company’s stock, valued at $469,812.14. This represents a 21.77% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 210,570 shares of company stock worth $1,614,474. 6.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PTLO shares. Wall Street Zen cut Portillo’s from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Morgan Stanley cut their target price 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. Guggenheim cut their target price on Portillo’s from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, July 8th. Bank of America cut their target price on Portillo’s from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, July 18th. Finally, Robert W. Baird cut their target price on Portillo’s from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.19.

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.