Sonora Investment Management Group LLC Purchases New Shares in Portillo’s Inc. (NASDAQ:PTLO)

Sonora Investment Management Group LLC purchased a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 10,400 shares of the company’s stock, valued at approximately $98,000.

A number of other institutional investors have also made changes to their positions in PTLO. Wolff Wiese Magana LLC raised its holdings in Portillo’s by 2.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock worth $434,000 after purchasing an additional 781 shares during the last quarter. NBC Securities Inc. raised its holdings in Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares during the last quarter. Lakewood Asset Management LLC raised its holdings in Portillo’s by 2.2% during the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after purchasing an additional 2,251 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Portillo’s during the 2nd quarter worth about $29,000. Finally, TFB Advisors LLC raised its holdings in Portillo’s by 14.7% during the 3rd quarter. TFB Advisors LLC now owns 27,585 shares of the company’s stock worth $372,000 after purchasing an additional 3,542 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Portillo’s Price Performance

Shares of PTLO opened at $13.91 on Friday. 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 stock has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $11.45. Portillo’s Inc. has a 52-week low of $8.38 and a 52-week high of $16.17. The firm has a market capitalization of $1.03 billion, a PE ratio of 33.12, a P/E/G ratio of 14.32 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the firm earned $0.07 EPS. Portillo’s’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PTLO. Stifel Nicolaus raised Portillo’s from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $16.00 in a report on Monday, January 27th. Morgan Stanley lowered their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. Finally, UBS Group lowered their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.