Blair William & Co. IL Sells 363,399 Shares of Portillo’s Inc. $PTLO

Blair William & Co. IL lessened its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 22.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,263,916 shares of the company’s stock after selling 363,399 shares during the quarter. Blair William & Co. IL owned 1.68% of Portillo’s worth $8,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PTLO. First Trust Advisors LP boosted its holdings in Portillo’s by 16.5% during the 3rd quarter. First Trust Advisors LP now owns 221,815 shares of the company’s stock valued at $1,431,000 after acquiring an additional 31,465 shares during the period. Dimensional Fund Advisors LP boosted its position in Portillo’s by 11.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,131,834 shares of the company’s stock valued at $13,750,000 after buying an additional 221,298 shares during the period. Quantbot Technologies LP purchased a new stake in Portillo’s during the 3rd quarter valued at $477,000. Total Clarity Wealth Management Inc. bought a new stake in Portillo’s in the 3rd quarter worth $244,000. Finally, Fox Run Management L.L.C. bought a new stake in Portillo’s in the 3rd quarter worth $137,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PTLO. DA Davidson began coverage on Portillo’s in a research note on Friday. They issued a “neutral” rating and a $5.50 target price on the stock. UBS Group decreased their target price on Portillo’s from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Portillo’s in a research note on Monday, December 22nd. Morgan Stanley set a $7.00 target price on shares of Portillo’s in a research report on Tuesday, January 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $6.00 price target (down from $8.00) on shares of Portillo’s in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.50.

Portillo’s Price Performance

PTLO opened at $5.01 on Tuesday. Portillo’s Inc. has a 12-month low of $4.41 and a 12-month high of $14.40. The company has a market cap of $378.31 million, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.75. The stock has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $5.56. The company has a current ratio of 0.27, a quick ratio of 0.22 and a debt-to-equity ratio of 0.48.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Portillo’s had a net margin of 2.64% and a return on equity of 3.93%. The business had revenue of $185.75 million for the quarter, compared to analyst estimates of $185.50 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Portillo’s’s quarterly revenue was up .6% on a year-over-year basis. Research analysts predict that Portillo’s Inc. will post 0.35 earnings per share for the current fiscal year.

About Portillo’s

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.