Portillo’s Inc. $PTLO Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 78.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 35,319 shares of the company’s stock after purchasing 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 SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Soros Capital Management LLC grew its position in shares of Portillo’s by 486.8% during the first quarter. Soros Capital Management LLC now owns 431,012 shares of the company’s stock worth $5,125,000 after buying an additional 357,561 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Portillo’s by 53.6% in the first quarter. Ameriprise Financial Inc. now owns 3,413,669 shares of the company’s stock valued at $40,590,000 after purchasing an additional 1,191,443 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in Portillo’s by 4.1% in the first quarter. Orbis Allan Gray Ltd now owns 5,973,638 shares of the company’s stock valued at $71,027,000 after purchasing an additional 234,475 shares in the last quarter. CenterStar Asset Management LLC boosted its holdings in Portillo’s by 375.5% in the second quarter. CenterStar Asset Management LLC now owns 52,300 shares of the company’s stock valued at $611,000 after purchasing an additional 41,300 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Portillo’s in the second quarter valued at approximately $6,537,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTLO has been the subject of a number of research analyst reports. Guggenheim lowered their price target on Portillo’s from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $6.00 price target (down from $10.00) on shares of Portillo’s in a report on Monday, October 13th. Robert W. Baird lowered their price target on Portillo’s from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Morgan Stanley lowered their price target on Portillo’s from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Portillo’s from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.28.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $5.66 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. Portillo’s Inc. has a twelve month low of $5.65 and a twelve month high of $15.78. The stock has a 50 day moving average of $6.63 and a two-hundred day moving average of $9.59. The stock 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.

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

Insider Buying and Selling

In related news, General Counsel Kelly M. Kaiser purchased 27,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $7.68 per share, for a total transaction of $207,360.00. Following the completion of the purchase, the general counsel directly owned 68,495 shares of the company’s stock, valued at $526,041.60. This trade represents a 65.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Osanloo purchased 11,320 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $7.42 per share, with a total value of $83,994.40. Following the purchase, the chief executive officer directly owned 63,317 shares of the company’s stock, valued at approximately $469,812.14. The trade was a 21.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 210,570 shares of company stock worth $1,614,474 over the last three months. 6.14% of the stock is owned by company insiders.

About Portillo’s

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.