Fox Run Management L.L.C. Takes $428,000 Position in Portillo's Inc. (NASDAQ:PTLO)

Fox Run Management L.L.C. purchased a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 45,494 shares of the company's stock, valued at approximately $428,000. Fox Run Management L.L.C. owned about 0.06% of Portillo's at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PTLO. Hollencrest Capital Management grew its holdings in shares of Portillo's by 100.0% in 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 Portillo's during the fourth quarter valued at approximately $47,000. KLP Kapitalforvaltning AS bought a new position in Portillo's in the fourth quarter valued at approximately $90,000. Savant Capital LLC acquired a new position in shares of Portillo's during the 4th quarter worth approximately $96,000. Finally, Sonora Investment Management Group LLC bought a new stake in shares of Portillo's during the 4th quarter worth approximately $98,000. 98.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on PTLO. UBS Group decreased their target price on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Stephens boosted their price objective 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. Morgan Stanley dropped their target price on shares of 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, Stifel Nicolaus lifted their price target on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.29.

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Portillo's Stock Performance

PTLO traded down $0.55 on Friday, reaching $11.90. The company had a trading volume of 906,710 shares, compared to its average volume of 1,312,164. The company's fifty day moving average is $13.61 and its 200 day moving average is $12.23. 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 stock has a market cap of $887.78 million, a P/E ratio of 28.33, a P/E/G ratio of 14.77 and a beta of 1.80. Portillo's Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its 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. The company had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, 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.