SYSTM Wealth Solutions LLC bought a new position in shares of Portillo’s Inc. (NASDAQ:PTLO – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,356 shares of the company’s stock, valued at approximately $713,000. SYSTM Wealth Solutions LLC owned 0.07% of Portillo’s as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Scissortail Wealth Management LLC acquired a new stake in Portillo’s during the 1st quarter worth $1,936,921,000. Ameritas Advisory Services LLC acquired a new position in shares of Portillo’s in the 1st quarter valued at $43,000. Ameritas Investment Partners Inc. grew its holdings in shares of Portillo’s by 36.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,814 shares of the company’s stock valued at $60,000 after buying an additional 746 shares during the period. Bessemer Group Inc. acquired a new position in shares of Portillo’s in the 4th quarter valued at $47,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Portillo’s in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Portillo’s Trading Down 0.6 %
PTLO opened at $18.23 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 79.74, a P/E/G ratio of 8.21 and a beta of 2.00. Portillo’s Inc. has a 12 month low of $15.84 and a 12 month high of $25.88. The firm’s fifty day simple moving average is $21.04 and its 200 day simple moving average is $21.03. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66.
Portillo’s (NASDAQ:PTLO – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $169.18 million during the quarter, compared to the consensus estimate of $169.59 million. Portillo’s had a net margin of 1.88% and a return on equity of 3.35%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, research analysts anticipate that Portillo’s Inc. will post 0.31 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on PTLO. Guggenheim raised shares of Portillo’s from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.00 to $25.00 in a report on Friday, May 5th. Robert W. Baird decreased their price target on shares of Portillo’s from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Stifel Nicolaus boosted their price target on shares of Portillo’s from $24.00 to $25.00 in a report on Friday, May 5th. Finally, Morgan Stanley decreased their price target on shares of Portillo’s from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.80.
View Our Latest Stock Report on Portillo’s
Portillo’s Profile
(Free Report)
Portillo’s Inc owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. The company also offers its products through its website.
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