Portillo's Stock Soars 10.33% on Earnings Beat

On April 14, 2025, Portillo's stock surged by 10.33% in pre-market trading, reflecting a significant bullish sentiment among investors.

Corebridge Financial Inc. reduced its stake in Portillo's by 7.0% during the fourth quarter, selling 2,027 shares. This move was part of a broader trend among institutional investors, with some increasing their holdings while others decreased theirs. Hodges Capital Management Inc. raised its position by 80.5%, and Chicago Partners Investment Group LLC acquired a new stake worth approximately $2.59 million. Principal Financial Group Inc. also increased its holdings by 10.9%, while Raymond James Financial Inc. purchased a new stake worth around $1.33 million. Overall, 98.34% of Portillo's stock is owned by hedge funds and other institutional investors.

Analysts have been active in revising their price targets for Portillo's. Stifel Nicolaus boosted its target price from $16.00 to $17.00 and maintained a "buy" rating. Baird R W downgraded the stock from a "strong-buy" to a "hold" rating. UBS Group decreased its target price from $14.00 to $11.00 and set a "neutral" rating. Stephens raised its target price from $13.00 to $14.00 with an "equal weight" rating. Robert W. Baird reiterated a "neutral" rating with a $12.00 price target. The consensus rating among analysts is currently a "Hold" with a target price of $13.86.

Portillo's reported earnings of $0.17 per share for the latest quarter, surpassing analysts' estimates of $0.02. The company's revenue for the quarter was $184.61 million, slightly below expectations of $185.16 million. Despite a year-over-year revenue decline of 1.7%, Portillo's maintained a net margin of 3.65% and a return on equity of 5.62%. Analysts predict that Portillo's will post earnings of $0.35 per share for the current year.