Bank of Nova Scotia purchased a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $235,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in PTLO. Hollencrest Capital Management raised its position in shares of Portillo's by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after buying an additional 2,000 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in shares of Portillo's by 5.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company's stock worth $405,000 after purchasing an additional 2,038 shares during the period. Lakewood Asset Management LLC lifted its stake in shares of Portillo's by 2.2% in the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock valued at $984,000 after purchasing an additional 2,251 shares in the last quarter. Stoneridge Investment Partners LLC increased its position in Portillo's by 23.5% during 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 fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock valued at $760,000 after buying an additional 2,741 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on PTLO. Morgan Stanley set a $12.00 price target on shares of Portillo's in a research report on Monday, April 14th. Stephens boosted their price objective on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Robert W. Baird reiterated a "neutral" rating and issued a $12.00 target price (down previously from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Stifel Nicolaus upped their price target on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $13.71.
Read Our Latest Stock Report on Portillo's
Portillo's Stock Down 7.0 %
PTLO traded down $0.81 during trading on Monday, hitting $10.72. The company had a trading volume of 263,377 shares, compared to its average volume of 1,348,429. The company has a market cap of $799.74 million, a PE ratio of 25.51, a P/E/G 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. Portillo's Inc. has a 1-year low of $8.38 and a 1-year high of $15.78. The business has a 50-day moving average of $12.90 and a 200-day moving average of $12.06.
Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, analysts forecast that Portillo's Inc. will post 0.35 earnings per share for the current year.
About Portillo's
(
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.
Recommended Stories
Before you consider Portillo's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Portillo's wasn't on the list.
While Portillo's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
