Blueshift Asset Management LLC purchased a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,925 shares of the company's stock, valued at approximately $648,000. Blueshift Asset Management LLC owned about 0.09% of Portillo's at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Engaged Capital LLC lifted its stake in shares of Portillo's by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock worth $82,368,000 after acquiring an additional 3,354,513 shares during the period. Principal Financial Group Inc. boosted its holdings in Portillo's by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after purchasing an additional 175,999 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Portillo's by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock valued at $15,537,000 after purchasing an additional 737,049 shares in the last quarter. Franklin Resources Inc. increased its position in Portillo's by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after purchasing an additional 32,810 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Portillo's by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock worth $17,113,000 after buying an additional 49,181 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PTLO has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus upped 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. Stephens raised their price objective on shares of Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley decreased their price objective on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Portillo's presently has an average rating of "Moderate Buy" and an average price target of $14.29.
Read Our Latest Report on PTLO
Portillo's Price Performance
Shares of NASDAQ PTLO traded down $0.33 on Tuesday, hitting $12.42. The company's stock had a trading volume of 1,588,655 shares, compared to its average volume of 1,298,084. 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 stock has a 50 day moving average of $13.57 and a 200-day moving average of $12.23. Portillo's Inc. has a 12-month low of $8.38 and a 12-month high of $15.78. The company has a market capitalization of $926.57 million, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80.
Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $184.61 million for the quarter, compared to analysts' expectations of $185.16 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Portillo's's quarterly revenue was down 1.7% on a year-over-year basis. As a group, research analysts predict that Portillo's Inc. will post 0.35 EPS for the current year.
Portillo's 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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