Crossmark Global Holdings Inc. Buys New Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Crossmark Global Holdings Inc. bought a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,252 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also modified their holdings of PTLO. Assetmark Inc. raised its stake in shares of Portillo’s by 28.6% in the fourth quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after purchasing an additional 717 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Portillo’s by 241.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,812 shares of the company’s stock valued at $54,000 after purchasing an additional 2,694 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Portillo’s by 283.0% in the second quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after purchasing an additional 9,680 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Portillo’s by 17.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock valued at $184,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Ascent Group LLC raised its stake in shares of Portillo’s by 8.3% in the first quarter. Ascent Group LLC now owns 13,100 shares of the company’s stock valued at $186,000 after purchasing an additional 1,000 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Price Performance

Shares of PTLO stock opened at $11.97 on Thursday. The stock’s fifty day moving average is $10.51 and its 200-day moving average is $11.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. The stock has a market capitalization of $873.45 million, a PE ratio of 29.93, a PEG ratio of 15.10 and a beta of 1.77. Portillo’s Inc. has a 52 week low of $8.66 and a 52 week high of $18.34.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. Portillo’s’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 EPS. Equities research analysts expect that Portillo’s Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on PTLO shares. Morgan Stanley dropped their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Stifel Nicolaus dropped their price objective on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Robert W. Baird dropped their price objective on Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Stephens reiterated an “overweight” rating and set a $13.00 price objective on shares of Portillo’s in a research note on Tuesday, August 6th. Finally, UBS Group dropped their price objective on Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.25.

Portillo’s Company Profile

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.