Key Points
- Portillo’s director Eugene Lee, Jr. bought 70,165 shares on May 11 at an average price of $4.28, spending about $300,306. After the purchase, he owned 486,415 shares, a 16.86% increase in his stake.
- The company recently missed earnings expectations, reporting a slight loss of $0.01 per share versus the expected $0.01 profit, while quarterly revenue of $182.62 million came in just below estimates. Revenue still rose 3.5% year over year.
- Shares are trading near their 52-week low at around $4.05, well below the 52-week high of $13.55. Analysts currently have a consensus Hold rating with an average price target of $7.02.
Portillo's Inc. (NASDAQ:PTLO - Get Free Report) Director Eugene Lee, Jr. purchased 70,165 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $4.28 per share, for a total transaction of $300,306.20. Following the purchase, the director owned 486,415 shares of the company's stock, valued at $2,081,856.20. This represents a 16.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Portillo's Price Performance
Portillo's stock opened at $4.05 on Wednesday. The company has a market cap of $305.81 million, a price-to-earnings ratio of 19.29, a PEG ratio of 0.61 and a beta of 1.72. The firm's fifty day moving average is $5.45 and its 200 day moving average is $5.27. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 0.47. Portillo's Inc. has a 52-week low of $4.03 and a 52-week high of $13.55.
Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The business had revenue of $182.62 million for the quarter, compared to analysts' expectations of $183.27 million. Portillo's had a net margin of 2.12% and a return on equity of 3.17%. Portillo's's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. Sell-side analysts forecast that Portillo's Inc. will post 0.22 EPS for the current fiscal year.
Hedge Funds Weigh In On Portillo's
Several hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Portillo's by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company's stock valued at $387,000 after acquiring an additional 1,808 shares during the last quarter. CWM LLC grew its position in Portillo's by 37.6% in the 4th quarter. CWM LLC now owns 7,216 shares of the company's stock valued at $33,000 after acquiring an additional 1,973 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Portillo's by 20.1% during the 4th quarter. ProShare Advisors LLC now owns 12,188 shares of the company's stock worth $55,000 after buying an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Portillo's by 69.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company's stock worth $63,000 after buying an additional 2,227 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Portillo's by 33.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,203 shares of the company's stock worth $58,000 after buying an additional 2,318 shares in the last quarter. Institutional investors own 98.34% of the company's stock.
Analysts Set New Price Targets
PTLO has been the topic of several recent research reports. Robert W. Baird set a $5.25 price target on Portillo's in a report on Wednesday, May 6th. Stifel Nicolaus decreased their price target on Portillo's from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, May 6th. Piper Sandler decreased their price target on Portillo's from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Wolfe Research initiated coverage on Portillo's in a report on Monday, March 9th. They set a "peer perform" rating on the stock. Finally, Stephens restated an "equal weight" rating and set a $6.00 price target on shares of Portillo's in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Portillo's has an average rating of "Hold" and an average target price of $7.02.
Check Out Our Latest Stock Analysis on Portillo's
About Portillo's
(
Get Free Report)
Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.
The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.
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