First Dallas Securities Inc. Purchases 21,000 Shares of Portillo's Inc. (NASDAQ:PTLO)

First Dallas Securities Inc. lifted its position in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,250 shares of the company's stock after acquiring an additional 21,000 shares during the quarter. First Dallas Securities Inc. owned approximately 0.06% of Portillo's worth $407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. boosted its position in Portillo's by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock worth $44,000 after purchasing an additional 1,000 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Portillo's in the 4th quarter worth about $47,000. nVerses Capital LLC bought a new position in Portillo's during the third quarter valued at about $69,000. Sonora Investment Management Group LLC purchased a new stake in Portillo's during the fourth quarter worth about $98,000. Finally, Intech Investment Management LLC bought a new stake in Portillo's in the third quarter worth about $181,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Stock Performance

Shares of Portillo's stock traded down $0.11 during trading hours on Friday, reaching $14.50. The company had a trading volume of 1,388,514 shares, compared to its average volume of 1,796,120. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo's Inc. has a one year low of $8.38 and a one year high of $16.17. The firm has a market cap of $1.08 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 14.26 and a beta of 1.81. The business has a fifty day simple moving average of $10.88 and a 200 day simple moving average of $11.58.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results 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. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $178.25 million for the quarter, compared to analysts' expectations of $182.07 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PTLO has been the subject of several research analyst reports. Stifel Nicolaus upgraded shares of Portillo's from a "hold" rating to a "buy" rating and raised their price target for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. UBS Group decreased their target price 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. Morgan Stanley dropped their price target on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, Stephens reissued an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Portillo's has a consensus 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.