CenterStar Asset Management LLC Sells 49,529 Shares of Portillo’s Inc. (NASDAQ:PTLO)

CenterStar Asset Management LLC lessened its position in Portillo’s Inc. (NASDAQ:PTLO) by 81.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the company’s stock after selling 49,529 shares during the quarter. CenterStar Asset Management LLC’s holdings in Portillo’s were worth $131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Portillo’s by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock valued at $982,000 after buying an additional 1,744 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Portillo’s by 40,394.4% during the first quarter. GAMMA Investing LLC now owns 7,289 shares of the company’s stock valued at $87,000 after buying an additional 7,271 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Portillo’s by 14.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,281 shares of the company’s stock valued at $811,000 after buying an additional 10,723 shares during the last quarter. Woodline Partners LP grew its stake in shares of Portillo’s by 109.9% during the fourth quarter. Woodline Partners LP now owns 379,672 shares of the company’s stock valued at $3,569,000 after buying an additional 198,830 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Portillo’s during the fourth quarter valued at about $152,000. Institutional investors own 98.34% of the company’s stock.

Insider Buying and Selling at Portillo’s

In other Portillo’s news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PTLO shares. Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, May 7th. UBS Group reduced their price objective on Portillo’s from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Baird R W cut Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Stifel Nicolaus raised their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Portillo’s in a research note on Friday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.71.

Portillo’s Stock Up 0.8%

NASDAQ PTLO opened at $12.01 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 $898.53 million, a PE ratio of 28.60, a PEG ratio of 14.77 and a beta of 1.83. Portillo’s Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The business’s 50-day moving average is $11.52 and its 200 day moving average is $11.79.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $180.76 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. Portillo’s’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. Sell-side analysts forecast that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Portillo’s Company Profile

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.