Portillo's Inc. (NASDAQ:PTLO) Position Raised by Trexquant Investment LP

Trexquant Investment LP increased its position in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 32.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 363,415 shares of the company's stock after buying an additional 89,418 shares during the quarter. Trexquant Investment LP owned about 0.49% of Portillo's worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its stake in Portillo's by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Portillo's in the fourth quarter valued at approximately $47,000. Headlands Technologies LLC acquired a new position in Portillo's during the fourth quarter valued at approximately $83,000. KLP Kapitalforvaltning AS acquired a new position in Portillo's during the fourth quarter valued at approximately $90,000. Finally, Savant Capital LLC purchased a new stake in Portillo's during the fourth quarter worth approximately $96,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PTLO. Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday. Stifel Nicolaus upped their target price on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group dropped their target price on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley decreased their price target 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. Finally, Stephens lifted their price objective on shares of Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Portillo's presently has a consensus rating of "Hold" and an average price target of $13.86.

Portillo's Stock Up 4.4 %

Shares of Portillo's stock traded up $0.51 during trading on Friday, reaching $12.00. The company had a trading volume of 1,512,529 shares, compared to its average volume of 1,346,498. Portillo's Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market cap of $895.24 million, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The firm's fifty day moving average is $13.21 and its 200-day moving average is $12.11.

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 analysts' consensus estimates of $0.02 by $0.15. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $184.61 million for the quarter, compared to analysts' expectations of $185.16 million. During the same quarter last year, the company earned $0.13 EPS. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts anticipate that Portillo's Inc. will post 0.35 EPS for the current year.

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.