Portillo’s Inc. (NASDAQ:PTLO) Stock Holdings Decreased by Berkshire Partners LLC

Berkshire Partners LLC reduced its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 36.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,755,165 shares of the company’s stock after selling 2,167,629 shares during the period. Portillo’s comprises 100.0% of Berkshire Partners LLC’s portfolio, making the stock its biggest position. Berkshire Partners LLC owned about 5.15% of Portillo’s worth $50,582,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Portillo’s by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock valued at $76,604,000 after buying an additional 700,583 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 during the period. California State Teachers Retirement System grew its stake in Portillo’s by 10.4% in the first quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock worth $770,000 after purchasing an additional 5,120 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Portillo’s by 7.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock worth $220,000 after purchasing an additional 1,555 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Portillo’s by 283.0% in the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock worth $127,000 after buying an additional 9,680 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

PTLO stock opened at $11.44 on Friday. Portillo’s Inc. has a one year low of $8.66 and a one year high of $16.92. The firm has a market cap of $848.71 million, a price-to-earnings ratio of 27.23, a PEG ratio of 13.55 and a beta of 1.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a 50-day simple moving average of $12.44 and a two-hundred day simple moving average of $11.24.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, equities analysts forecast that Portillo’s Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PTLO. Stephens restated an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Wednesday, November 6th. Finally, UBS Group upped their price target on shares of Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.00.

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.