Portillo’s Inc. (NASDAQ:PTLO – Get Free Report) Director Eugene Lee, Jr. purchased 65,355 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $4.59 per share, with a total value of $299,979.45. Following the transaction, the director directly owned 551,770 shares in the company, valued at approximately $2,532,624.30. This trade represents a 13.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Portillo’s Stock Performance
Shares of PTLO stock opened at $5.03 on Friday. The firm has a market cap of $381.32 million, a price-to-earnings ratio of 27.95, a PEG ratio of 1.03 and a beta of 1.56. The company’s 50 day moving average is $4.52 and its 200 day moving average is $4.99. The company has a quick ratio of 0.20, a current ratio of 0.26 and a debt-to-equity ratio of 0.46. Portillo’s Inc. has a 52-week low of $3.78 and a 52-week high of $7.95.
Portillo’s (NASDAQ:PTLO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $198.95 million during the quarter, compared to the consensus estimate of $199.22 million. Portillo’s had a net margin of 1.85% and a return on equity of 2.78%. Portillo’s’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, sell-side analysts anticipate that Portillo’s Inc. will post 0.19 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on PTLO
Institutional Trading of Portillo’s
A number of institutional investors have recently made changes to their positions in the business. Essential Partners LLC grew its stake in Portillo’s by 83,350.0% during the 1st quarter. Essential Partners LLC now owns 5,007 shares of the company’s stock worth $26,000 after buying an additional 5,001 shares during the last quarter. CWM LLC raised its stake in Portillo’s by 37.6% in the fourth quarter. CWM LLC now owns 7,216 shares of the company’s stock valued at $33,000 after buying an additional 1,973 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in Portillo’s in the fourth quarter worth about $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Portillo’s during the fourth quarter worth about $40,000. Finally, Allworth Financial LP increased its holdings in shares of Portillo’s by 235.3% during the fourth quarter. Allworth Financial LP now owns 9,243 shares of the company’s stock valued at $42,000 after acquiring an additional 6,486 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.
Portillo’s Company Profile
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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