Miller Financial Services LLC Purchases Shares of 59,126 Portillo’s Inc. (NASDAQ:PTLO)

Miller Financial Services LLC purchased a new stake in shares of Portillo’s Inc. (NASDAQ:PTLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 59,126 shares of the company’s stock, valued at approximately $556,000. Miller Financial Services LLC owned 0.08% of Portillo’s as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new stake in Portillo’s during the 4th quarter valued at $47,000. Savant Capital LLC purchased a new stake in Portillo’s during the 4th quarter valued at $96,000. Sonora Investment Management Group LLC purchased a new stake in Portillo’s during the 4th quarter valued at $98,000. Stoneridge Investment Partners LLC boosted its position in Portillo’s by 23.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after buying an additional 2,396 shares during the period. Finally, Versor Investments LP purchased a new stake in Portillo’s during the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

PTLO opened at $14.03 on Tuesday. The company’s 50 day moving average is $12.95 and its 200 day moving average is $12.19. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $15.78.

Portillo’s (NASDAQ:PTLO) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. On average, equities research analysts predict that Portillo’s Inc. will post 0.35 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on PTLO. Stephens upped their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. UBS Group decreased their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus upped their price objective on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

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.