Monimus Capital Management LP acquired a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,287 shares of the company's stock, valued at approximately $849,000. Monimus Capital Management LP owned 0.12% of Portillo's as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Engaged Capital LLC grew its stake in shares of Portillo's by 121.5% in the 3rd 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. Hodges Capital Management Inc. purchased a new position in Portillo's during the 3rd quarter worth $12,337,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Portillo's in the 4th quarter worth $2,590,000. First Eagle Investment Management LLC purchased a new stake in shares of Portillo's in the fourth quarter valued at about $2,577,000. Finally, Principal Financial Group Inc. increased its stake in shares of 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 acquiring an additional 175,999 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.
Portillo's Stock Performance
Portillo's stock traded up $0.21 during mid-day trading on Wednesday, reaching $12.48. The company's stock had a trading volume of 1,132,478 shares, compared to its average volume of 1,290,738. The firm has a market cap of $931.05 million, a price-to-earnings ratio of 29.71, a PEG ratio of 14.77 and a beta of 1.80. Portillo's Inc. has a twelve month low of $8.38 and a twelve month high of $15.78. The business has a 50 day moving average price of $13.35 and a 200-day moving average price of $12.22. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.
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, topping 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 firm had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. Portillo's's quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that Portillo's Inc. will post 0.35 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PTLO. Stephens upped their price target 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 decreased their price target on shares of Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. UBS Group dropped their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus raised their target price on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Portillo's has a consensus rating of "Moderate Buy" and an average target price of $14.29.
Check Out Our Latest Stock Analysis on Portillo's
Portillo's Company Profile
(
Free Report)
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.
Read More
Before you consider Portillo's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Portillo's wasn't on the list.
While Portillo's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
