Jefferies Financial Group Inc. Invests $4.67 Million in Portillo’s Inc. $PTLO

Jefferies Financial Group Inc. purchased a new stake in shares of Portillo’s Inc. (NASDAQ:PTLO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 400,000 shares of the company’s stock, valued at approximately $4,668,000. Jefferies Financial Group Inc. owned about 0.53% of Portillo’s at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Portillo’s by 135.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock worth $30,000 after buying an additional 1,495 shares during the last quarter. Allworth Financial LP bought a new stake in Portillo’s during the 2nd quarter worth $32,000. CWM LLC increased its holdings in Portillo’s by 58.3% in the 1st quarter. CWM LLC now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 1,176 shares in the last quarter. US Bancorp DE bought a new position in Portillo’s in the first quarter valued at about $95,000. Finally, MAI Capital Management acquired a new stake in shares of Portillo’s during the first quarter valued at about $101,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Down 3.3%

Portillo’s stock opened at $4.92 on Tuesday. The company has a market capitalization of $370.87 million, a PE ratio of 13.67, a PEG ratio of 5.52 and a beta of 1.73. Portillo’s Inc. has a 12-month low of $4.58 and a 12-month high of $15.78. The firm’s fifty day moving average is $5.68 and its 200 day moving average is $8.53. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.49.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $181.43 million for the quarter, compared to analysts’ expectations of $179.77 million. Portillo’s had a net margin of 3.35% and a return on equity of 4.99%. As a group, sell-side analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PTLO shares. Bank of America reiterated a “neutral” rating and set a $7.00 target price (down from $14.00) on shares of Portillo’s in a research report on Monday, October 6th. Morgan Stanley set a $9.00 price objective on shares of Portillo’s in a research note on Tuesday, October 21st. Wall Street Zen lowered Portillo’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. UBS Group decreased their price target on Portillo’s from $7.50 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Stephens cut their price objective on Portillo’s from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.78.

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.