Yarbrough Capital LLC Acquires Shares of 26,719 Portillo’s Inc. (NASDAQ:PTLO)

Yarbrough Capital LLC bought a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,719 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Portillo’s during the fourth quarter valued at approximately $1,331,000. First Eagle Investment Management LLC bought a new position in Portillo’s in the 4th quarter valued at $2,577,000. Zuckerman Investment Group LLC grew its stake in Portillo’s by 6.9% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company’s stock valued at $18,283,000 after purchasing an additional 125,073 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Portillo’s during the 4th quarter valued at $241,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Portillo’s during the 4th quarter worth $478,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

NASDAQ PTLO opened at $11.59 on Friday. The firm has a market cap of $867.11 million, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 14.77 and a beta of 1.87. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $11.49 and its 200-day moving average is $11.82. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $15.78.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $176.44 million during the quarter, compared to analyst estimates of $180.76 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts predict that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PTLO shares. Stifel Nicolaus increased their price target on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Robert W. Baird reissued a “neutral” rating and set a $12.00 target price (down from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Piper Sandler decreased their price target on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Morgan Stanley set a $12.00 price objective on Portillo’s in a research note on Monday, April 14th. Finally, Stephens reissued an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.71.

Insider Activity

In other news, Director Berkshire Partners Llc sold 10,000,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $12.23, for a total value of $122,300,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.14% of the stock is owned by company insiders.

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.