Wolff Wiese Magana LLC Sells 25,475 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Wolff Wiese Magana LLC lowered its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 79.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,732 shares of the company’s stock after selling 25,475 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Portillo’s were worth $63,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PTLO. Point72 DIFC Ltd bought a new position in Portillo’s in the 2nd quarter valued at about $29,000. NBC Securities Inc. increased its stake in Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Portillo’s during the fourth quarter valued at approximately $47,000. nVerses Capital LLC bought a new stake in Portillo’s during the third quarter worth $69,000. Finally, Arizona State Retirement System boosted its holdings in shares of Portillo’s by 24.9% in the 2nd quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock valued at $159,000 after purchasing an additional 3,261 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo’s Trading Up 3.4 %

Shares of PTLO opened at $12.02 on Wednesday. Portillo’s Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $16.17. The business has a 50-day moving average of $10.36 and a 200 day moving average of $11.17. The firm has a market cap of $892.15 million, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results 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. The company had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. As a group, research analysts forecast that Portillo’s Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

PTLO has been the subject of several recent analyst reports. UBS Group dropped their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus downgraded 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 set a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.57.

About Portillo’s

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.