Chicago Partners Investment Group LLC Acquires New Position in Portillo's Inc. (NASDAQ:PTLO)

Chicago Partners Investment Group LLC acquired a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 281,480 shares of the company's stock, valued at approximately $2,590,000. Chicago Partners Investment Group LLC owned about 0.38% of Portillo's at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. increased its holdings in Portillo's by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Portillo's during the fourth quarter worth $47,000. nVerses Capital LLC acquired a new stake in shares of Portillo's in the third quarter valued at $69,000. Sonora Investment Management Group LLC purchased a new stake in shares of Portillo's in the 4th quarter valued at $98,000. Finally, Intech Investment Management LLC acquired a new position in Portillo's during the 3rd quarter worth about $181,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PTLO has been the subject of several recent research reports. UBS Group lowered 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. Stifel Nicolaus raised shares of Portillo's from a "hold" rating to a "buy" rating and raised their price target for the company from $13.00 to $16.00 in a research report on Monday, January 27th. Morgan Stanley cut their price objective on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, Stephens reiterated an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

Portillo's Stock Down 0.2 %

Portillo's stock opened at $13.91 on Friday. The stock has a market cap of $1.03 billion, a PE ratio of 33.12, a P/E/G ratio of 14.32 and a beta of 1.72. 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's fifty day moving average is $10.63 and its two-hundred day moving average is $11.46. Portillo's Inc. has a 1-year low of $8.38 and a 1-year high of $16.17.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same period in the prior year, the company posted $0.07 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Portillo's 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.

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