Perfromance Wealth Partners LLC Invests $145,000 in Portillo’s Inc. (NASDAQ:PTLO)

Perfromance Wealth Partners LLC bought a new stake in shares of Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,411 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in shares of Portillo’s during the 2nd quarter valued at $29,000. NBC Securities Inc. lifted its position in shares of Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Portillo’s during the 4th quarter valued at $47,000. nVerses Capital LLC bought a new stake in shares of Portillo’s during the 3rd quarter valued at $69,000. Finally, Intech Investment Management LLC acquired a new position in shares of Portillo’s during the 3rd quarter worth $181,000. 98.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PTLO has been the subject of a number of research analyst reports. UBS Group lowered their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Wednesday, November 6th. Morgan Stanley lowered their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Stephens reissued an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.57.

Portillo’s Price Performance

Shares of PTLO opened at $11.90 on Wednesday. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $16.17. The business has a 50-day simple moving average of $10.29 and a two-hundred day simple moving average of $11.24. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a market cap of $883.22 million, a PE ratio of 28.33, a PEG ratio of 12.32 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that Portillo’s Inc. will post 0.33 earnings per share for the current fiscal year.

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.