Portillos Inc’s filing revealed that its Director BERKSHIRE FUND VIII-A, L.P. acquired Company’s shares for reported $36.17 million on May 19 ’25. In the deal valued at $13.35 per share,2,709,535 shares were bought.
Then, BERKSHIRE FUND VIII, L.P. bought 6,521,015 shares, generating $87,055,550 in total proceeds.
Before that, BERKSHIRE INVESTORS III LLC bought 179,210 shares. Portillos Inc shares valued at $2,392,454 were divested by the Director at a price of $13.35 per share.
Robert W. Baird downgraded its Portillos Inc [PTLO] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Stifel also remained covering PTLO and has decreased its forecast on November 06, 2024 with a “Hold” recommendation from previously “Buy” rating. Stephens revised its rating on October 07, 2024. It rated PTLO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of PTLO
On Monday, Portillos Inc [NASDAQ:PTLO] saw its stock fall -3.07% to $12.94. Over the last five days, the stock has gained 6.41%. Portillos Inc shares have risen nearly 37.66% since the year began. Nevertheless, the stocks have risen 25.88% over the past one year.
How much short interest is there in Portillos Inc?
A steep rise in short interest was recorded in Portillos Inc stocks on 2025-04-30, dropping by -0.65 million shares to a total of 10.42 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 11.06 million shares. There was a decline of -6.21%, which implies that there is a negative sentiment for the stock.
