Zuckerman Investment Group LLC Increases Holdings in Portillo's Inc. (NASDAQ:PTLO)

Zuckerman Investment Group LLC lifted its position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,944,983 shares of the company's stock after purchasing an additional 125,073 shares during the quarter. Portillo's accounts for 1.8% of Zuckerman Investment Group LLC's portfolio, making the stock its 22nd largest position. Zuckerman Investment Group LLC owned approximately 2.62% of Portillo's worth $18,283,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PTLO. Hollencrest Capital Management boosted its stake in shares of Portillo's by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $38,000 after buying an additional 2,000 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Portillo's in the 4th quarter valued at about $47,000. Headlands Technologies LLC bought a new position in shares of Portillo's during the 4th quarter worth approximately $83,000. KLP Kapitalforvaltning AS bought a new position in shares of Portillo's during the 4th quarter worth about $90,000. Finally, Savant Capital LLC bought a new stake in shares of Portillo's during the fourth quarter valued at approximately $96,000. 98.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on PTLO shares. Stifel Nicolaus boosted their price target 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. 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 note on Tuesday, January 21st. Stephens boosted their price objective 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. Robert W. Baird reissued a "neutral" rating and set a $12.00 target price (down previously from $15.00) on shares of Portillo's in a report on Monday, April 7th. Finally, Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.86.

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Portillo's Trading Down 0.6 %

Portillo's stock traded down $0.07 during trading hours on Tuesday, reaching $11.94. The stock had a trading volume of 478,049 shares, compared to its average volume of 1,346,807. 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 has a market cap of $890.76 million, a PE ratio of 28.43, a PEG ratio of 14.77 and a beta of 1.82. The company has a fifty day simple moving average of $13.15 and a 200-day simple moving average of $12.10. Portillo's Inc. has a 52 week low of $8.38 and a 52 week high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS 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 business had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Portillo's's quarterly revenue was down 1.7% on a year-over-year basis. Analysts forecast that Portillo's Inc. will post 0.35 EPS for the current fiscal 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.