Capstone Financial Advisors Inc. Sells 5,739 Shares of Portillo’s Inc. (NASDAQ:PTLO)

by · The Cerbat Gem

Capstone Financial Advisors Inc. lessened its stake in shares of Portillo’s Inc. (NASDAQ:PTLO – Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,725 shares of the company’s stock after selling 5,739 shares during the period. Capstone Financial Advisors Inc.’s holdings in Portillo’s were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PTLO. Geode Capital Management LLC increased its stake in Portillo’s by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock worth $17,113,000 after acquiring an additional 49,181 shares during the period. Barclays PLC increased its stake in Portillo’s by 55.6% during the 3rd quarter. Barclays PLC now owns 117,430 shares of the company’s stock worth $1,581,000 after acquiring an additional 41,944 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Portillo’s by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company’s stock valued at $15,838,000 after purchasing an additional 32,810 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after purchasing an additional 175,999 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Portillo’s during the 4th quarter worth $47,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

Shares of PTLO stock opened at $10.73 on Monday. The business’s 50-day moving average price is $12.46 and its 200-day moving average price is $12.00. Portillo’s Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The firm has a market capitalization of $800.49 million, a price-to-earnings ratio of 25.55, a PEG ratio of 14.77 and a beta of 1.82. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO – Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. During the same period last year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts forecast that Portillo’s Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group reduced their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley set a $12.00 price objective on Portillo’s in a research note on Monday, April 14th. Stifel Nicolaus raised their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Stephens raised their price objective on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Portillo’s has an average rating of “Hold” and an average price target of $13.71.

Read Our Latest Stock Analysis on PTLO

Portillo’s Company Profile

(Free Report)

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.

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