Portillo’s (NASDAQ:PTLO) Director Eugene Lee, Jr. Buys 65,355 Shares of Stock

Portillo’s Inc. (NASDAQ:PTLO) Director Eugene Lee, Jr. bought 65,355 shares of Portillo’s stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $4.59 per share, with a total value of $299,979.45. Following the completion of the acquisition, the director directly owned 551,770 shares of the company’s stock, valued at approximately $2,532,624.30. The trade was a 13.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Portillo’s Stock Up 5.5%

PTLO opened at $4.76 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. The company has a market cap of $360.86 million, a PE ratio of 26.45, a P/E/G ratio of 0.97 and a beta of 1.56. The business has a 50 day moving average price of $4.49 and a two-hundred day moving average price of $5.00. Portillo’s Inc. has a 52 week low of $3.78 and a 52 week high of $8.14.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $198.95 million for the quarter, compared to analyst estimates of $199.22 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, research analysts anticipate that Portillo’s Inc. will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Portillo’s

Institutional investors have recently added to or reduced their stakes in the business. Engaged Capital LLC grew its holdings in Portillo’s by 124.3% in the 1st quarter. Engaged Capital LLC now owns 3,442,990 shares of the company’s stock valued at $18,213,000 after buying an additional 1,908,000 shares during the period. First National Bank Sioux Falls purchased a new position in shares of Portillo’s during the 1st quarter worth about $56,000. Alpine Global Management LLC purchased a new position in shares of Portillo’s during the 4th quarter worth about $89,000. Aristides Capital LLC acquired a new stake in shares of Portillo’s in the fourth quarter worth approximately $197,000. Finally, AXQ Capital LP acquired a new stake in shares of Portillo’s in the fourth quarter worth approximately $199,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTLO has been the topic of a number of research reports. Stephens restated an “equal weight” rating and issued a $5.00 price target on shares of Portillo’s in a report on Thursday, August 6th. Guggenheim lowered Portillo’s from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley decreased their price objective on shares of Portillo’s from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus dropped their price objective on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $5.25 target price on Portillo’s in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.92.

Portillo’s Company Profile

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.