Victory Capital Management Inc. Boosts Stock Position in Portillo’s Inc. (NASDAQ:PTLO)

Victory Capital Management Inc. increased its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 218.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,591 shares of the company’s stock after buying an additional 43,602 shares during the period. Victory Capital Management Inc. owned 0.09% of Portillo’s worth $618,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Portillo’s by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 378,116 shares of the company’s stock valued at $6,023,000 after buying an additional 15,722 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Portillo’s by 28.6% during 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 during the last quarter. Armistice Capital LLC purchased a new position in shares of Portillo’s during the fourth quarter valued at approximately $1,481,000. Sirios Capital Management L P increased its position in shares of Portillo’s by 4.6% during the fourth quarter. Sirios Capital Management L P now owns 469,229 shares of the company’s stock valued at $7,475,000 after acquiring an additional 20,761 shares in the last quarter. Finally, Granahan Investment Management LLC increased its position in shares of Portillo’s by 33.8% during the fourth quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company’s stock valued at $21,099,000 after acquiring an additional 334,731 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Price Performance

Shares of PTLO opened at $13.47 on Monday. The company has a market cap of $982.97 million, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 16.05 and a beta of 1.77. Portillo’s Inc. has a twelve month low of $8.66 and a twelve month high of $16.98. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $11.26 and a two-hundred day moving average of $11.32.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PTLO. Piper Sandler decreased their target price on shares of Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Stephens reissued an “overweight” rating and set a $13.00 price objective on shares of Portillo’s in a report on Tuesday, August 6th. Morgan Stanley lowered their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Stifel Nicolaus reduced their price objective on shares of Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Bank of America reduced their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Two equities 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, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.