Eugene Lee, Jr. Acquires 70,165 Shares of Portillo’s (NASDAQ:PTLO) Stock

Portillo’s Inc. (NASDAQ:PTLOGet Free Report) Director Eugene Lee, Jr. purchased 70,165 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $4.28 per share, for a total transaction of $300,306.20. Following the completion of the purchase, the director directly owned 486,415 shares of the company’s stock, valued at approximately $2,081,856.20. This trade represents a 16.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Portillo’s Trading Down 0.2%

Shares of PTLO opened at $4.04 on Thursday. Portillo’s Inc. has a 12-month low of $4.03 and a 12-month high of $13.55. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $305.06 million, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.60 and a beta of 1.72. The stock’s 50-day moving average price is $5.43 and its 200 day moving average price is $5.26.

Portillo’s (NASDAQ:PTLOGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share 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 analyst estimates of $183.27 million. Portillo’s had a net margin of 2.12% and a return on equity of 3.17%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, research analysts predict that Portillo’s Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on PTLO shares. Wolfe Research started coverage on shares of Portillo’s in a research report on Monday, March 9th. They issued a “peer perform” rating for the company. Stifel Nicolaus dropped their target price on shares of Portillo’s from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Guggenheim cut shares of Portillo’s from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Roth Mkm set a $8.00 price objective on shares of Portillo’s in a research report on Wednesday, May 6th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $6.00 target price on shares of Portillo’s in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Portillo’s has a consensus rating of “Hold” and a consensus price target of $7.02.

Check Out Our Latest Stock Analysis on Portillo’s

Hedge Funds Weigh In On Portillo’s

A number of hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Portillo’s by 132.1% during the first quarter. Sei Investments Co. now owns 70,622 shares of the company’s stock worth $374,000 after acquiring an additional 40,200 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Portillo’s by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 195,510 shares of the company’s stock valued at $1,034,000 after acquiring an additional 4,497 shares during the last quarter. Chicago Partners Investment Group LLC raised its position 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 valued at $1,393,000 after purchasing an additional 2,487 shares during the period. Horizon Wealth Management LLC bought a new stake in shares of Portillo’s in the first quarter valued at approximately $53,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in Portillo’s in the 1st quarter worth approximately $53,000. Institutional investors own 98.34% of the company’s stock.

About Portillo’s

(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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Insider Buying and Selling by Quarter for Portillo's (NASDAQ:PTLO)

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