Raymond James Financial Services Advisors Inc. Has $577,000 Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,235 shares of the company’s stock after selling 5,477 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Portillo’s worth $577,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of Portillo’s during the third quarter worth approximately $28,000. State of Wyoming bought a new stake in shares of Portillo’s during the second quarter worth approximately $29,000. NBC Securities Inc. bought a new stake in shares of Portillo’s during the third quarter worth approximately $35,000. Bessemer Group Inc. bought a new stake in shares of Portillo’s during the fourth quarter worth approximately $47,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Portillo’s during the third quarter worth approximately $49,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Down 3.1 %

Shares of PTLO stock opened at $11.74 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of $856.67 million, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The stock has a 50 day simple moving average of $13.62 and a 200 day simple moving average of $14.55. Portillo’s Inc. has a 1 year low of $11.53 and a 1 year high of $23.99.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The firm had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $184.95 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. On average, research analysts predict that Portillo’s Inc. will post 0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Stephens started coverage on Portillo’s in a report on Friday, April 12th. They set an “overweight” rating and a $20.00 price objective for the company. Morgan Stanley cut their price target on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.43.

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.