Portillo’s (NASDAQ:PTLO) Director Eugene Lee, Jr. Acquires 70,165 Shares of Stock

Portillo’s Inc. (NASDAQ:PTLO) Director Eugene Lee, Jr. purchased 70,165 shares of Portillo’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $4.28 per share, with a total value of $300,306.20. Following the completion of the acquisition, the director directly owned 486,415 shares of the company’s stock, valued at approximately $2,081,856.20. This represents a 16.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Portillo’s Price Performance

Shares of NASDAQ:PTLO opened at $4.05 on Wednesday. Portillo’s Inc. has a 1-year low of $4.03 and a 1-year high of $13.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.26 and a quick ratio of 0.22. The business has a fifty day moving average price of $5.45 and a 200-day moving average price of $5.27. The company has a market capitalization of $305.81 million, a PE ratio of 19.29, a PEG ratio of 0.61 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Portillo’s had a net margin of 2.12% and a return on equity of 3.17%. The company had revenue of $182.62 million for the quarter, compared to the consensus estimate of $183.27 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. Portillo’s’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Portillo’s Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PTLO shares. Roth Mkm set a $8.00 price objective on Portillo’s in a report on Wednesday, May 6th. Piper Sandler reduced their price objective on Portillo’s from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Guggenheim downgraded Portillo’s from a “buy” rating to a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings downgraded Portillo’s from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus reduced their price objective on Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.02.

Hedge Funds Weigh In On Portillo’s

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Portillo’s by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after acquiring an additional 1,808 shares in the last quarter. CWM LLC grew its holdings in shares of Portillo’s by 37.6% in the fourth 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. ProShare Advisors LLC raised its stake in Portillo’s by 20.1% during the fourth quarter. ProShare Advisors LLC now owns 12,188 shares of the company’s stock valued at $55,000 after purchasing an additional 2,043 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Portillo’s by 69.6% during the second quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock valued at $63,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Portillo’s by 33.7% during the third quarter. Jones Financial Companies Lllp now owns 9,203 shares of the company’s stock valued at $58,000 after purchasing an additional 2,318 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Portillo’s

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.