Raymond James Financial Inc. Purchases New Shares in Portillo’s Inc. (NASDAQ:PTLO)

Raymond James Financial Inc. acquired a new position in Portillo’s Inc. (NASDAQ:PTLOFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 141,550 shares of the company’s stock, valued at approximately $1,331,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hodges Capital Management Inc. bought a new stake in shares of Portillo’s during the 3rd quarter valued at $12,337,000. Chicago Partners Investment Group LLC bought a new position in shares of Portillo’s during the fourth quarter valued at $2,590,000. Principal Financial Group Inc. raised its holdings in Portillo’s by 10.9% in the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after buying an additional 175,999 shares during the last quarter. Geode Capital Management LLC raised its holdings in Portillo’s by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock worth $17,113,000 after acquiring an additional 49,181 shares during the last quarter. Finally, CenterStar Asset Management LLC raised its stake in shares of Portillo’s by 348.4% in the fourth quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock worth $568,000 after purchasing an additional 47,029 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Portillo’s Stock Up 1.9 %

Shares of PTLO stock opened at $12.38 on Thursday. The company has a market capitalization of $923.59 million, a price-to-earnings ratio of 29.48, a PEG ratio of 14.77 and a beta of 1.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The company’s fifty day moving average price is $13.63 and its 200-day moving average price is $12.23. Portillo’s Inc. has a one year low of $8.38 and a one year high of $15.78.

Portillo’s (NASDAQ:PTLOGet Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. During the same period in the previous year, the business earned $0.13 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts expect that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PTLO shares. Stifel Nicolaus raised their price target on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. UBS Group dropped their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Stephens raised their price target on Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Portillo’s has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Read Our Latest Report on PTLO

About Portillo’s

(Free Report)

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.

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Institutional Ownership by Quarter for Portillo's (NASDAQ:PTLO)

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