Key Points
- Director Eugene Lee, Jr. bought 65,355 Portillo’s shares at an average price of $4.59, investing nearly $300,000 and increasing his ownership by 13.44% to 551,770 shares.
- Portillo’s reported quarterly EPS of $0.09, matching estimates, while revenue of $198.95 million slightly missed expectations but rose 5.6% year over year.
- Analysts maintain a consensus “Hold” rating, with an average price target of $5.92; the stock recently opened at $4.76 and has a 52-week range of $3.78 to $8.14.
Portillo's Inc. (NASDAQ:PTLO - Get Free Report) Director Eugene Lee, Jr. acquired 65,355 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $4.59 per share, with a total value of $299,979.45. Following the completion of the acquisition, the director owned 551,770 shares in the company, valued at approximately $2,532,624.30. The trade was a 13.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Portillo's Price Performance
Shares of Portillo's stock opened at $4.76 on Thursday. Portillo's Inc. has a twelve month low of $3.78 and a twelve month high of $8.14. The stock has a market capitalization of $360.86 million, a P/E ratio of 26.45, a PEG ratio of 0.97 and a beta of 1.56. The company has a current ratio of 0.26, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The business's fifty day moving average price is $4.49 and its 200 day moving average price is $5.00.
Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $198.95 million for the quarter, compared to the consensus estimate of $199.22 million. Portillo's had a return on equity of 2.78% and a net margin of 1.85%.The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. As a group, research analysts anticipate that Portillo's Inc. will post 0.19 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on PTLO shares. Robert W. Baird set a $5.25 price objective on shares of Portillo's in a research report on Wednesday, May 6th. Stephens reaffirmed an "equal weight" rating and set a $5.00 target price on shares of Portillo's in a research report on Thursday, August 6th. Morgan Stanley cut their price target on Portillo's from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 6th. Piper Sandler reduced their price target on Portillo's from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Finally, Roth Capital set a $8.00 price objective on Portillo's in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.92.
Get Our Latest Analysis on Portillo's
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Essential Partners LLC grew its holdings in Portillo's by 83,350.0% during the 1st quarter. Essential Partners LLC now owns 5,007 shares of the company's stock worth $26,000 after acquiring an additional 5,001 shares in the last quarter. CWM LLC raised its stake in shares of 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 purchasing an additional 1,973 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of Portillo's during the fourth quarter worth about $34,000. Kestra Advisory Services LLC bought a new position in shares of Portillo's during the fourth quarter worth about $40,000. Finally, Allworth Financial LP grew its stake in Portillo's by 235.3% in the fourth quarter. Allworth Financial LP now owns 9,243 shares of the company's stock worth $42,000 after purchasing an additional 6,486 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.
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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