1492 Capital Management LLC Invests $985,000 in Portillo's Inc. (NASDAQ:PTLO)

1492 Capital Management LLC purchased a new position in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 104,789 shares of the company's stock, valued at approximately $985,000. 1492 Capital Management LLC owned about 0.14% of Portillo's at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hollencrest Capital Management increased its position in shares of Portillo's by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in Portillo's by 5.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company's stock worth $405,000 after acquiring an additional 2,038 shares during the period. Lakewood Asset Management LLC boosted its stake in shares of Portillo's by 2.2% during the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock worth $984,000 after acquiring an additional 2,251 shares during the last quarter. Stoneridge Investment Partners LLC increased its stake in shares of Portillo's by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock worth $118,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Portillo's by 3.5% in the 4th quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock worth $760,000 after purchasing an additional 2,741 shares during the period. Institutional investors own 98.34% of the company's stock.

Portillo's Trading Down 5.7 %

Shares of NASDAQ:PTLO traded down $0.66 during trading on Monday, hitting $10.87. The company had a trading volume of 2,495,832 shares, compared to its average volume of 1,357,067. The stock has a market cap of $810.93 million, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The company has a fifty day simple moving average of $12.90 and a two-hundred day simple moving average of $12.06. Portillo's Inc. has a one year low of $8.38 and a one year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Portillo's's quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Portillo's Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PTLO. UBS Group reduced their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Morgan Stanley set a $12.00 price objective on shares of Portillo's in a report on Monday, April 14th. Stephens upped their target price on shares of Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Robert W. Baird restated a "neutral" rating and set a $12.00 price objective (down previously from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Portillo's currently has an average rating of "Hold" and a consensus price target of $13.71.

Portillo's Company Profile

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.