Wolff Wiese Magana LLC Trims Stock Position in Portillo’s Inc. (NASDAQ:PTLO)

Wolff Wiese Magana LLC cut its position in Portillo’s Inc. (NASDAQ:PTLO) by 79.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,732 shares of the company’s stock after selling 25,475 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Portillo’s were worth $63,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd bought a new position in shares of Portillo’s in the second quarter worth $29,000. NBC Securities Inc. grew its position in Portillo’s by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after buying an additional 1,000 shares in the last quarter. Ridgewood Investments LLC bought a new position in Portillo’s in the 4th quarter worth about $47,000. nVerses Capital LLC purchased a new stake in shares of Portillo’s in the 3rd quarter valued at about $69,000. Finally, Arizona State Retirement System boosted its position in shares of Portillo’s by 24.9% during the 2nd quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock valued at $159,000 after acquiring an additional 3,261 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Portillo’s Trading Up 3.4 %

PTLO opened at $12.02 on Wednesday. The stock has a market cap of $892.15 million, a PE ratio of 28.62, a PEG ratio of 10.96 and a beta of 1.72. The business has a 50 day moving average of $10.36 and a 200-day moving average of $11.17. Portillo’s Inc. has a 52 week low of $8.38 and a 52 week high of $16.17. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. Equities research analysts predict that Portillo’s Inc. will post 0.3 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.