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:PTLO) 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:PTLO) 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.

About Portillo’s

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.