Dimensional Fund Advisors LP Decreases Holdings in Portillo's Inc. (NASDAQ:PTLO)

Dimensional Fund Advisors LP decreased its holdings in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 27.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,840 shares of the company's stock after selling 173,838 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.63% of Portillo's worth $4,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in shares of Portillo's by 10.4% in the 1st quarter. California State Teachers Retirement System now owns 54,329 shares of the company's stock valued at $770,000 after buying an additional 5,120 shares in the last quarter. Granahan Investment Management LLC grew its stake in Portillo's by 33.8% during the 4th quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company's stock worth $21,099,000 after buying an additional 334,731 shares during the last quarter. Swiss National Bank increased its position in Portillo's by 17.4% during the first quarter. Swiss National Bank now owns 108,400 shares of the company's stock worth $1,537,000 after buying an additional 16,100 shares during the period. Entropy Technologies LP purchased a new stake in Portillo's in the first quarter valued at approximately $188,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Portillo's by 218.1% in the second quarter. Victory Capital Management Inc. now owns 63,591 shares of the company's stock valued at $618,000 after acquiring an additional 43,602 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo's Stock Performance

Shares of PTLO stock traded down $0.06 during trading hours on Thursday, reaching $12.21. 380,940 shares of the company's stock were exchanged, compared to its average volume of 1,047,979. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30. The company's 50 day moving average is $12.11 and its two-hundred day moving average is $11.30. The company has a market cap of $891.02 million, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 16.16 and a beta of 1.78. Portillo's Inc. has a 1 year low of $8.66 and a 1 year high of $16.98.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Portillo's had a return on equity of 5.08% and a net margin of 3.30%. The business had revenue of $181.86 million for the quarter, compared to analyst estimates of $184.44 million. During the same period in the prior year, the company earned $0.12 EPS. The company's revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Portillo's Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTLO. Stifel Nicolaus cut their target price on shares of Portillo's from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, July 12th. Bank of America reduced their target price on shares of Portillo's from $20.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Piper Sandler lowered their price target on Portillo's from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, June 14th. Stephens cut Portillo's from an "overweight" rating to an "equal weight" rating and set a $13.00 price target on the stock. in a research report on Monday. Finally, Morgan Stanley decreased their price objective on Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.86.

Portillo's 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.