ExodusPoint Capital Management LP Acquires Shares of 74,012 Portillo's Inc. (NASDAQ:PTLO)

ExodusPoint Capital Management LP purchased a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,012 shares of the company's stock, valued at approximately $696,000. ExodusPoint Capital Management LP owned 0.10% of Portillo's as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on PTLO. Robert W. Baird reaffirmed a "neutral" rating and issued a $12.00 price target (down from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Stephens upped their target price on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. UBS Group decreased their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Stifel Nicolaus upped their price objective on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Portillo's currently has a consensus rating of "Hold" and a consensus target price of $13.71.

Portillo's Trading Down 0.7 %

NASDAQ PTLO traded down $0.08 on Thursday, hitting $11.76. 359,396 shares of the company were exchanged, compared to its average volume of 1,347,740. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo's Inc. has a twelve month low of $8.38 and a twelve month high of $15.78. The firm has a market capitalization of $877.33 million, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The company's 50 day moving average price is $13.04 and its 200-day moving average price is $12.10.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating 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 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 prior year, the firm earned $0.13 EPS. The firm's quarterly revenue was down 1.7% on a year-over-year basis. Analysts predict that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

About Portillo's

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.