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

Soros Capital Management LLC raised its stake in Portillo’s Inc. (NASDAQ:PTLO) by 51.9% during the 3rd quarter, Holdings Channel.com reports. 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’s holdings in Portillo’s were worth $660,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Portillo’s in the 2nd quarter worth approximately $29,000. NBC Securities Inc. boosted 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 in the last quarter. AdvisorShares Investments LLC acquired a new stake in Portillo’s in the second quarter valued at approximately $52,000. nVerses Capital LLC purchased a new position in Portillo’s in the third quarter worth $69,000. Finally, Fifth Third Bancorp increased its position in shares of Portillo’s by 283.0% during the second quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock worth $127,000 after purchasing an additional 9,680 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Portillo’s Stock Down 0.5 %

Portillo’s stock opened at $11.24 on Wednesday. The business’s 50-day simple moving average is $12.52 and its two-hundred day simple moving average is $11.24. 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 company has a market cap of $834.23 million, a PE ratio of 26.76, a PEG ratio of 13.39 and a beta of 1.78. Portillo’s Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $16.92.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 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 the consensus estimate of $182.07 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Portillo’s Inc. will post 0.29 EPS for the current year.

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.