EntryPoint Capital LLC bought a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 62,236 shares of the company's stock, valued at approximately $585,000. EntryPoint Capital LLC owned about 0.08% of Portillo's as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Portillo's by 23.9% in the third quarter. Victory Capital Management Inc. now owns 78,766 shares of the company's stock valued at $1,061,000 after buying an additional 15,175 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Portillo's in the 3rd quarter valued at $181,000. Charles Schwab Investment Management Inc. raised its position in Portillo's by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company's stock valued at $6,175,000 after purchasing an additional 26,588 shares during the last quarter. Soros Capital Management LLC boosted its stake in Portillo's by 51.9% during the 3rd quarter. Soros Capital Management LLC now owns 49,020 shares of the company's stock worth $660,000 after purchasing an additional 16,758 shares during the period. Finally, Engaged Capital LLC increased its stake in Portillo's by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after purchasing an additional 3,354,513 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently issued reports on PTLO. Stephens boosted their price target on Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Morgan Stanley decreased their price target 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 dropped their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their target price on shares of Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.29.
Get Our Latest Report on Portillo's
Portillo's Price Performance
PTLO traded down $0.55 on Friday, hitting $11.90. 906,710 shares of the company were exchanged, compared to its average volume of 1,312,164. Portillo's Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market capitalization of $887.78 million, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. The business's fifty day moving average is $13.61 and its 200 day moving average is $12.23.
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 (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business's revenue 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 EPS for the current year.
Portillo's 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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