Insider Buying: Portillo’s (NASDAQ:PTLO) Director Acquires $300,306.20 in Stock

Portillo’s Inc. (NASDAQ:PTLO) Director Eugene Lee, Jr. bought 70,165 shares of Portillo’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $4.28 per share, with a total value of $300,306.20. Following the purchase, the director owned 486,415 shares in the company, valued at approximately $2,081,856.20. This represents a 16.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Portillo’s Stock Performance

NASDAQ PTLO opened at $3.99 on Friday. Portillo’s Inc. has a 1 year low of $3.96 and a 1 year high of $13.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.26 and a quick ratio of 0.22. The firm has a market cap of $302.48 million, a price-to-earnings ratio of 19.00, a PEG ratio of 0.60 and a beta of 1.72. The company has a fifty day moving average price of $5.40 and a 200-day moving average price of $5.25.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $182.62 million for the quarter, compared to the consensus estimate of $183.27 million. Portillo’s had a net margin of 2.12% and a return on equity of 3.17%. Portillo’s’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, equities research analysts predict that Portillo’s Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Portillo’s

Institutional investors have recently added to or reduced their stakes in the business. GM Advisory Group LLC purchased a new stake in shares of Portillo’s in the third quarter worth about $1,935,000. Southeast Asset Advisors LLC purchased a new stake in shares of Portillo’s in the third quarter worth about $840,000. Quantbot Technologies LP purchased a new stake in shares of Portillo’s in the third quarter worth about $477,000. Fox Run Management L.L.C. purchased a new stake in shares of Portillo’s in the third quarter worth about $137,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Portillo’s in the third quarter worth about $244,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PTLO. Stephens reaffirmed an “equal weight” rating and issued a $6.00 price objective on shares of Portillo’s in a research report on Tuesday, May 5th. Roth Mkm set a $8.00 price objective on shares of Portillo’s in a research report on Wednesday, May 6th. Piper Sandler lowered their price objective on shares of Portillo’s from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Guggenheim lowered shares of Portillo’s from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, DA Davidson initiated coverage on shares of Portillo’s in a research report on Friday, March 6th. They issued a “neutral” rating and a $5.50 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Portillo’s presently has a consensus rating of “Hold” and an average price target of $7.02.

About Portillo’s

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.