Portillo’s Inc. (NASDAQ:PTLO) Stock Holdings Raised by Engaged Capital LLC

Engaged Capital LLC lifted its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 121.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,114,956 shares of the company’s stock after purchasing an additional 3,354,513 shares during the period. Portillo’s comprises approximately 13.4% of Engaged Capital LLC’s portfolio, making the stock its 5th largest holding. Engaged Capital LLC owned approximately 0.08% of Portillo’s worth $82,368,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Soros Capital Management LLC grew its stake in Portillo’s by 51.9% in the third quarter. Soros Capital Management LLC now owns 49,020 shares of the company’s stock worth $660,000 after purchasing an additional 16,758 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Portillo’s by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company’s stock worth $6,175,000 after purchasing an additional 26,588 shares in the last quarter. Intech Investment Management LLC bought a new stake in Portillo’s during the 3rd quarter valued at $181,000. Victory Capital Management Inc. boosted its position in Portillo’s by 23.9% during the 3rd quarter. Victory Capital Management Inc. now owns 78,766 shares of the company’s stock valued at $1,061,000 after acquiring an additional 15,175 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Portillo’s by 38.6% during the 3rd quarter. GSA Capital Partners LLP now owns 95,060 shares of the company’s stock valued at $1,280,000 after acquiring an additional 26,465 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group increased their target price on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Wednesday, November 6th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Portillo’s currently has an average rating of “Hold” and a consensus price target of $14.00.

Portillo’s Stock Up 1.7 %

Portillo’s stock opened at $11.44 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market capitalization of $848.71 million, a price-to-earnings ratio of 27.23, a PEG ratio of 13.55 and a beta of 1.78. Portillo’s Inc. has a 1-year low of $8.66 and a 1-year high of $16.92. The business has a fifty day moving average price of $12.44 and a 200-day moving average price of $11.24.

Portillo’s (NASDAQ:PTLO) last posted 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 firm had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. Equities research analysts forecast that Portillo’s Inc. will post 0.29 EPS 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.