First Eagle Investment Management LLC Invests $2.58 Million in Portillo's Inc. (NASDAQ:PTLO)

First Eagle Investment Management LLC bought 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 disclosure with the Securities & Exchange Commission. The firm bought 274,186 shares of the company's stock, valued at approximately $2,577,000. First Eagle Investment Management LLC owned approximately 0.37% of Portillo's as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PTLO. Hollencrest Capital Management boosted its position in shares of 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 purchasing an additional 2,000 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Portillo's in the 4th quarter worth $47,000. Savant Capital LLC acquired a new stake in shares of Portillo's during the fourth quarter worth $96,000. Sonora Investment Management Group LLC purchased a new stake in shares of Portillo's during the fourth quarter valued at $98,000. Finally, Stoneridge Investment Partners LLC boosted its position in shares of Portillo's by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock valued at $118,000 after purchasing an additional 2,396 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on PTLO. 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 report on Tuesday, January 21st. UBS Group dropped their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Stephens lifted their target price on Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $14.29.

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Portillo's Stock Down 1.0 %

PTLO traded down $0.12 during midday trading on Thursday, hitting $12.36. 1,090,127 shares of the company's stock traded hands, compared to its average volume of 1,291,621. The company has a market cap of $922.09 million, a PE ratio of 29.43, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. The stock's fifty day simple moving average is $13.41 and its 200-day simple moving average is $12.22. 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 one year low of $8.38 and a one year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $184.61 million during the quarter, compared to analysts' expectations of $185.16 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company's revenue was down 1.7% on a year-over-year basis. As a group, equities 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.