Insider Buying: Portillo’s (NASDAQ:PTLO) Director Buys 70,165 Shares of Stock

by · The Cerbat Gem

Portillo’s Inc. (NASDAQ:PTLO – Get Free Report) Director Eugene Lee, Jr. acquired 70,165 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired 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 owned 486,415 shares in the company, valued at approximately $2,081,856.20. The trade was a 16.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Portillo’s Trading Down 1.7%

NASDAQ:PTLO traded down $0.07 during trading hours on Tuesday, reaching $4.05. The company’s stock had a trading volume of 2,517,798 shares, compared to its average volume of 1,848,021. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.26. The firm has a market capitalization of $305.82 million, a price-to-earnings ratio of 19.29, a PEG ratio of 0.64 and a beta of 1.72. The firm has a 50-day simple moving average of $5.48 and a 200-day simple moving average of $5.29. Portillo’s Inc. has a 1 year low of $4.03 and a 1 year high of $13.55.

Portillo’s (NASDAQ:PTLO – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $182.62 million for the quarter, compared to the consensus estimate of $183.27 million. Portillo’s had a net margin of 2.12% and a return on equity of 3.17%. During the same period last year, the business posted $0.05 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts expect that Portillo’s Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Portillo’s by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 195,510 shares of the company’s stock valued at $1,034,000 after purchasing an additional 4,497 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Portillo’s by 1.0% in the first quarter. Chicago Partners Investment Group LLC now owns 263,381 shares of the company’s stock worth $1,393,000 after purchasing an additional 2,487 shares during the last quarter. Horizon Wealth Management LLC bought a new position in shares of Portillo’s during the first quarter valued at $53,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Portillo’s during the first quarter valued at $53,000. Finally, First National Bank Sioux Falls purchased a new stake in shares of Portillo’s during the first quarter valued at $56,000. Institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

PTLO has been the subject of a number of analyst reports. Guggenheim lowered Portillo’s from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Wolfe Research assumed coverage on shares of Portillo’s in a research note on Monday, March 9th. They set a “peer perform” rating on the stock. Piper Sandler reduced their price target on shares of Portillo’s from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Stephens restated an “equal weight” rating and set a $6.00 target price on shares of Portillo’s in a report on Tuesday, May 5th. Finally, Roth Mkm set a $8.00 price objective on Portillo’s in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Portillo’s currently has an average rating of “Hold” and an average price target of $7.02.

View Our Latest Stock Report on PTLO

Portillo’s Company Profile

(Get Free Report)

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.

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