Portillo’s Inc. $PTLO Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. decreased its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 47.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,815 shares of the company’s stock after selling 20,917 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Portillo’s were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in Portillo’s by 58.3% during the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock valued at $38,000 after purchasing an additional 1,176 shares in the last quarter. US Bancorp DE acquired a new position in Portillo’s during the 1st quarter valued at approximately $95,000. MAI Capital Management acquired a new position in Portillo’s during the 1st quarter valued at approximately $101,000. North Star Investment Management Corp. lifted its holdings in shares of Portillo’s by 169.7% during the second quarter. North Star Investment Management Corp. now owns 9,485 shares of the company’s stock worth $111,000 after purchasing an additional 5,968 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Portillo’s during the second quarter worth about $118,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Guggenheim decreased their target price on Portillo’s from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Portillo’s in a research note on Wednesday, October 8th. UBS Group cut their price objective on shares of Portillo’s from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Portillo’s in a research note on Monday, October 13th. Finally, Robert W. Baird cut their price objective on shares of Portillo’s from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.17.

Insider Activity

In other news, General Counsel Kelly M. Kaiser purchased 27,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $7.68 per share, for a total transaction of $207,360.00. Following the completion of the transaction, the general counsel owned 68,495 shares in the company, valued at $526,041.60. This represents a 65.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michelle Greig Hook purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $7.67 per share, for a total transaction of $306,800.00. Following the transaction, the chief financial officer owned 173,405 shares of the company’s stock, valued at $1,330,016.35. This trade represents a 29.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 210,570 shares of company stock worth $1,614,474 in the last ninety days. Corporate insiders own 6.14% of the company’s stock.

Portillo’s Stock Up 4.1%

NASDAQ:PTLO opened at $5.35 on Monday. The firm has a market capitalization of $403.12 million, a P/E ratio of 11.89, a PEG ratio of 4.69 and a beta of 1.73. 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 company’s fifty day moving average price is $6.28 and its 200-day moving average price is $9.20. Portillo’s Inc. has a 1-year low of $5.11 and a 1-year high of $15.78.

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