SeaCrest Wealth Management LLC Takes $47,000 Position in Portillo’s Inc. (NASDAQ:PTLO)

SeaCrest Wealth Management LLC acquired a new stake in shares of Portillo’s Inc. (NASDAQ:PTLOGet Rating) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,855 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PTLO. Ameritas Advisory Services LLC purchased a new stake in shares of Portillo’s in the first quarter valued at $476,000. Walleye Capital LLC purchased a new stake in shares of Portillo’s in the first quarter valued at $611,000. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Portillo’s by 97.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 406,033 shares of the company’s stock valued at $6,639,000 after purchasing an additional 200,580 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Portillo’s by 24.4% in the second quarter. North Star Investment Management Corp. now owns 2,550 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares in the last quarter. Finally, Capstone Financial Advisors Inc. lifted its holdings in shares of Portillo’s by 79.0% in the first quarter. Capstone Financial Advisors Inc. now owns 22,653 shares of the company’s stock valued at $556,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 73.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PTLO. Robert W. Baird increased their target price on Portillo’s from $22.00 to $30.00 in a report on Friday, August 5th. Piper Sandler upped their price target on shares of Portillo’s from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Morgan Stanley upped their price target on shares of Portillo’s from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Portillo’s in a research note on Thursday, September 29th. They issued a “hold” rating and a $22.00 price target on the stock.

Insiders Place Their Bets

In other Portillo’s news, SVP Nicholas Anthony Scarpino sold 21,500 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $25.38, for a total transaction of $545,670.00. Following the transaction, the senior vice president now directly owns 9,655 shares of the company’s stock, valued at $245,043.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.33% of the company’s stock.

Portillo’s Trading Up 1.1 %

Portillo’s stock opened at $20.70 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.12 and a quick ratio of 1.02. The company has a market capitalization of $877.74 million and a price-to-earnings ratio of -59.14. Portillo’s Inc. has a one year low of $14.84 and a one year high of $49.26. The company’s fifty day moving average price is $21.57 and its two-hundred day moving average price is $20.51.

Portillo’s Company Profile

(Get Rating)

Portillo's Inc owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. As of June 26, 2022, it owned and operated 71 Portillo's restaurants across nine states.

See Also

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Institutional Ownership by Quarter for Portillo's (NASDAQ:PTLO)

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