Atria Wealth Solutions Inc. Boosts Position in Portillo’s Inc. $PTLO

Atria Wealth Solutions Inc. lifted its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 78.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,319 shares of the company’s stock after acquiring an additional 15,580 shares during the period. Atria Wealth Solutions Inc.’s holdings in Portillo’s were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. CWM LLC raised its holdings in shares of Portillo’s by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock worth $38,000 after acquiring an additional 1,176 shares during the period. Rhumbline Advisers raised its holdings in shares of Portillo’s by 2.2% during the 1st quarter. Rhumbline Advisers now owns 82,605 shares of the company’s stock worth $982,000 after acquiring an additional 1,744 shares during the period. 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 during the period. Miller Financial Services LLC raised its holdings in shares of Portillo’s by 3.6% during the 1st quarter. Miller Financial Services LLC now owns 61,266 shares of the company’s stock worth $728,000 after acquiring an additional 2,140 shares during the period. Finally, Versor Investments LP raised its holdings in shares of Portillo’s by 18.4% during the 1st quarter. Versor Investments LP now owns 14,800 shares of the company’s stock worth $176,000 after acquiring an additional 2,300 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Insider Transactions at Portillo’s

In other news, CEO Michael Osanloo bought 11,320 shares of the company’s stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $7.42 per share, with a total value of $83,994.40. Following the transaction, the chief executive officer directly owned 63,317 shares in the company, valued at $469,812.14. The trade was a 21.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michelle Greig Hook acquired 40,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $7.67 per share, with a total value of $306,800.00. Following the completion of the transaction, the chief financial officer owned 173,405 shares of the company’s stock, valued at approximately $1,330,016.35. This represents a 29.98% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 210,570 shares of company stock valued at $1,614,474. 6.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reduced their price target on Portillo’s from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, September 15th. Morgan Stanley reduced their price objective on shares of Portillo’s from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Portillo’s in a report on Wednesday, October 8th. Bank of America restated a “neutral” rating and issued a $7.00 price objective (down from $14.00) on shares of Portillo’s in a report on Monday, October 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $6.00 price objective (down from $10.00) on shares of Portillo’s in a report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.28.

Portillo’s Stock Performance

NASDAQ PTLO opened at $5.66 on Tuesday. The company has a market cap of $426.47 million, a P/E ratio of 12.58, a P/E/G ratio of 5.04 and a beta of 1.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. The stock has a 50-day moving average of $6.63 and a two-hundred day moving average of $9.59. Portillo’s Inc. has a 1-year low of $5.65 and a 1-year high of $15.78.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, August 5th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $188.46 million during the quarter, compared to the consensus estimate of $197.04 million. Portillo’s had a return on equity of 6.25% and a net margin of 4.19%.Portillo’s’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Portillo’s has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current year.

Portillo’s 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.