Landscape Capital Management L.L.C. Acquires New Stake in Portillo's Inc. (NASDAQ:PTLO)

Landscape Capital Management L.L.C. acquired a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 279,038 shares of the company's stock, valued at approximately $2,623,000. Landscape Capital Management L.L.C. owned 0.38% of Portillo's at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hodges Capital Management Inc. acquired a new stake in shares of Portillo's in the 3rd quarter worth approximately $12,337,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Portillo's during the fourth quarter worth $2,590,000. First Eagle Investment Management LLC acquired a new position in shares of Portillo's during the 4th quarter valued at about $2,577,000. Principal Financial Group Inc. raised its stake in Portillo's by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock worth $24,086,000 after purchasing an additional 175,999 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Portillo's during the fourth quarter valued at about $1,331,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PTLO shares. Stephens increased 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. Morgan Stanley dropped their price objective on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. UBS Group reduced their price objective on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $12.00 target price (down previously from $15.00) on shares of Portillo's in a research note on Monday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.86.

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Portillo's Price Performance

Shares of PTLO stock traded down $0.42 during trading hours on Monday, hitting $10.86. 2,502,249 shares of the company's stock were exchanged, compared to its average volume of 1,328,705. Portillo's Inc. has a 52 week low of $8.38 and a 52 week high of $15.78. The stock has a market cap of $810.19 million, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. 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 stock's 50-day moving average is $13.59 and its 200-day moving average is $12.19.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million for the quarter, compared to analysts' expectations of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. Portillo's's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. As a group, research analysts forecast that Portillo's Inc. will post 0.35 EPS for the current 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.