Portillo's Inc. (NASDAQ:PTLO) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its position in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 80.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,652,937 shares of the company's stock after acquiring an additional 737,049 shares during the period. Hodges Capital Management Inc. owned 2.23% of Portillo's worth $15,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PTLO. Engaged Capital LLC increased its holdings in shares of 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 last quarter. Millennium Management LLC raised its holdings in shares of Portillo's by 499.4% during the 2nd quarter. Millennium Management LLC now owns 392,167 shares of the company's stock worth $3,812,000 after acquiring an additional 326,743 shares during the period. Emerald Advisers LLC boosted its position in shares of Portillo's by 29.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock valued at $17,137,000 after acquiring an additional 288,675 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Portillo's in the fourth quarter valued at about $2,590,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Portillo's during the third quarter worth about $3,165,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo's Stock Performance

Shares of PTLO traded down $0.55 during midday trading on Thursday, reaching $14.61. 1,286,983 shares of the stock were exchanged, compared to its average volume of 1,813,103. Portillo's Inc. has a twelve month low of $8.38 and a twelve month high of $16.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 14.26 and a beta of 1.81. The business's 50-day moving average price is $10.82 and its 200 day moving average price is $11.56.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. On average, sell-side analysts expect that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PTLO. Stephens restated an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research report on Wednesday, November 6th. Morgan Stanley decreased their target price 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. Stifel Nicolaus upgraded Portillo's from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $16.00 in a report on Monday, January 27th. Finally, UBS Group lowered their price objective on Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Portillo's currently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

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.