Soros Capital Management LLC Buys 16,758 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Soros Capital Management LLC grew its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 51.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,020 shares of the company’s stock after buying an additional 16,758 shares during the quarter. Soros Capital Management LLC owned 0.07% of Portillo’s worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PTLO. Point72 DIFC Ltd bought a new position in Portillo’s in the second quarter valued at about $29,000. NBC Securities Inc. boosted its holdings in shares of Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after buying an additional 1,000 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in Portillo’s during the second quarter valued at approximately $52,000. nVerses Capital LLC bought a new stake in Portillo’s during the third quarter valued at approximately $69,000. Finally, Fifth Third Bancorp increased its holdings in Portillo’s by 283.0% during the second quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after buying an additional 9,680 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Portillo’s Stock Down 0.5 %

NASDAQ PTLO opened at $11.24 on Wednesday. Portillo’s Inc. has a 52 week low of $8.66 and a 52 week high of $16.92. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $12.52 and a two-hundred day moving average of $11.24. The firm has a market capitalization of $834.23 million, a price-to-earnings ratio of 26.76, a PEG ratio of 13.39 and a beta of 1.78.

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

Portillo’s 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.