Southeast Asset Advisors LLC Purchases New Shares in Portillo’s Inc. $PTLO

Southeast Asset Advisors LLC acquired a new position in Portillo’s Inc. (NASDAQ:PTLO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 130,250 shares of the company’s stock, valued at approximately $840,000. Southeast Asset Advisors LLC owned 0.17% of Portillo’s as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in Portillo’s by 135.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,596 shares of the company’s stock worth $30,000 after purchasing an additional 1,495 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Portillo’s by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company’s stock worth $387,000 after buying an additional 1,808 shares during the period. Lakewood Asset Management LLC raised its stake in shares of Portillo’s by 1.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 137,065 shares of the company’s stock worth $884,000 after buying an additional 2,016 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Portillo’s by 18.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,003 shares of the company’s stock valued at $152,000 after buying an additional 2,051 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Portillo’s by 69.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock valued at $63,000 after acquiring an additional 2,227 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Stock Down 1.1%

PTLO stock opened at $5.40 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.22 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $5.20 and a two-hundred day moving average of $5.85. Portillo’s Inc. has a 12 month low of $4.41 and a 12 month high of $15.78. The company has a market cap of $407.05 million, a price-to-earnings ratio of 15.00, a PEG ratio of 7.10 and a beta of 1.75.

Wall Street Analyst Weigh In

PTLO has been the topic of several recent analyst reports. Stephens decreased their price objective on shares of Portillo’s from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.00 price target (down from $8.00) on shares of Portillo’s in a research note on Wednesday, January 7th. UBS Group cut their price objective on Portillo’s from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Piper Sandler increased their target price on Portillo’s from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Portillo’s in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.72.

About Portillo’s

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.