Portillo’s Inc. (NASDAQ:PTLO) Stock Position Lessened by Citigroup Inc.

Citigroup Inc. decreased its holdings in Portillo’s Inc. (NASDAQ:PTLOFree Report) by 62.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,919 shares of the company’s stock after selling 16,248 shares during the quarter. Citigroup Inc.’s holdings in Portillo’s were worth $153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Comerica Bank bought a new position in Portillo’s during the third quarter valued at about $28,000. State of Wyoming bought a new position in Portillo’s during the second quarter valued at about $29,000. NBC Securities Inc. bought a new position in Portillo’s during the third quarter valued at about $35,000. Bessemer Group Inc. bought a new position in Portillo’s during the fourth quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Portillo’s during the third quarter valued at about $49,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Up 0.9 %

Shares of PTLO stock opened at $14.18 on Friday. The stock has a 50-day simple moving average of $13.74 and a 200 day simple moving average of $14.82. Portillo’s Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $23.99. The stock has a market capitalization of $1.03 billion, a P/E ratio of 45.74, a P/E/G ratio of 1.69 and a beta of 1.87. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62.

Portillo’s (NASDAQ:PTLOGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The business had revenue of $187.86 million during the quarter, compared to analyst estimates of $184.95 million. During the same quarter last year, the company posted $0.08 EPS. Portillo’s’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, sell-side analysts expect that Portillo’s Inc. will post 0.41 earnings per share for the current fiscal year.

Insider Activity at Portillo’s

In related news, COO Derrick Lee Pratt sold 1,827 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $14.94, for a total value of $27,295.38. Following the completion of the transaction, the chief operating officer now owns 23,599 shares in the company, valued at approximately $352,569.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.19% of the stock is currently owned by corporate insiders.

Portillo’s Company Profile

(Free Report)

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.

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

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