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

Jefferies Financial Group Inc. acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the second quarter, Holdings Channel reports. The firm acquired 400,000 shares of the company’s stock, valued at approximately $4,668,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in Portillo’s in the 1st quarter valued at approximately $1,170,000. CWM LLC increased its position in shares of Portillo’s by 58.3% in the first quarter. CWM LLC now owns 3,194 shares of the company’s stock worth $38,000 after purchasing an additional 1,176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Portillo’s by 28.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,814 shares of the company’s stock valued at $212,000 after purchasing an additional 3,941 shares in the last quarter. US Bancorp DE bought a new stake in Portillo’s during the first quarter valued at approximately $95,000. Finally, Blair William & Co. IL increased its stake in Portillo’s by 32.2% in the first quarter. Blair William & Co. IL now owns 1,613,012 shares of the company’s stock valued at $19,179,000 after acquiring an additional 392,964 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Down 3.3%

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

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

Wall Street Analyst Weigh In

PTLO has been the subject of a number of research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $6.00 price objective (down from $10.00) on shares of Portillo’s in a report on Monday, October 13th. UBS Group cut their target price 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. Morgan Stanley set a $9.00 target price on shares of Portillo’s in a report on Tuesday, October 21st. Bank of America reiterated a “neutral” rating and set a $7.00 price target (down from $14.00) on shares of Portillo’s in a report on Monday, October 6th. Finally, Robert W. Baird dropped their target price on shares of Portillo’s from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.78.

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.