Dynamic Technology Lab Private Ltd acquired a new position in 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 & Exchange Commission. The firm acquired 50,898 shares of the company's stock, valued at approximately $478,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Portillo's at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hodges Capital Management Inc. lifted its position in shares of Portillo's by 80.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock valued at $15,537,000 after buying an additional 737,049 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Portillo's in the fourth quarter worth $2,590,000. Landscape Capital Management L.L.C. bought a new stake in shares of Portillo's during the 4th quarter valued at $2,623,000. First Eagle Investment Management LLC bought a new position in Portillo's in the 4th quarter worth $2,577,000. Finally, Principal Financial Group Inc. increased its stake 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 worth $24,086,000 after buying an additional 175,999 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.
Portillo's Price Performance
Shares of Portillo's stock traded down $0.08 on Monday, hitting $11.92. The company's stock had a trading volume of 275,491 shares, compared to its average volume of 1,344,606. The company has a market capitalization of $889.27 million, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The firm has a fifty day moving average price of $13.21 and a 200-day moving average price of $12.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78.
Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share 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 firm had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently commented on PTLO. Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stephens lifted their target price on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. UBS Group cut their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Morgan Stanley decreased their price objective on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Finally, Robert W. Baird reissued a "neutral" rating and issued a $12.00 target price (down from $15.00) on shares of Portillo's in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.86.
Check Out Our Latest Report on PTLO
Portillo's Company Profile
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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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