DRW Securities LLC Makes New Investment in Portillo's Inc. (NASDAQ:PTLO)

DRW Securities LLC bought a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,949 shares of the company's stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PTLO. Hollencrest Capital Management raised its stake in Portillo's by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Portillo's in the fourth quarter valued at approximately $47,000. Headlands Technologies LLC acquired a new stake in Portillo's in the fourth quarter worth $83,000. KLP Kapitalforvaltning AS bought a new stake in Portillo's in the 4th quarter valued at about $90,000. Finally, Savant Capital LLC acquired a new stake in Portillo's in the 4th quarter valued at $96,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PTLO shares. Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Robert W. Baird restated a "neutral" rating and issued a $12.00 target price (down previously from $15.00) on shares of Portillo's in a report on Monday, April 7th. Morgan Stanley dropped their price objective on Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. 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 report on Tuesday, January 7th. Finally, Stephens increased their price target on shares of Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.86.

Portillo's Stock Down 1.9 %

Shares of PTLO stock traded down $0.23 on Wednesday, hitting $11.85. The stock had a trading volume of 319,317 shares, compared to its average volume of 1,346,385. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $13.10 and a 200 day moving average price of $12.10. Portillo's Inc. has a one year low of $8.38 and a one year high of $15.78. The company has a market cap of $884.05 million, a PE ratio of 28.21, a P/E/G ratio of 14.77 and a beta of 1.82.

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

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.