Vanguard Group Inc. raised its stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,571,434 shares of the company's stock after purchasing an additional 97,801 shares during the period. Vanguard Group Inc. owned 7.51% of Portillo's worth $52,371,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. 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 worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Portillo's by 5.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company's stock valued at $405,000 after buying an additional 2,038 shares during the last quarter. Lakewood Asset Management LLC boosted its position in Portillo's by 2.2% during the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock worth $984,000 after acquiring an additional 2,251 shares during the last quarter. Stoneridge Investment Partners LLC grew its stake in Portillo's by 23.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock valued at $118,000 after acquiring an additional 2,396 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Portillo's by 3.5% in the 4th quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock worth $760,000 after purchasing an additional 2,741 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Portillo's Stock Down 0.8 %
PTLO stock traded down $0.10 during midday trading on Thursday, hitting $11.74. The company's stock had a trading volume of 257,317 shares, compared to its average volume of 1,723,417. Portillo's Inc. has a 52-week low of $8.38 and a 52-week high of $15.78. The firm has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $12.10. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $875.84 million, a P/E ratio of 27.98, a PEG ratio of 14.77 and a beta of 1.82.
Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $184.61 million during the quarter, compared to analysts' expectations of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. As a group, equities analysts forecast that Portillo's Inc. will post 0.35 EPS for the current year.
Analyst Ratings Changes
A number of analysts have issued reports on PTLO shares. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stephens raised their price target on shares of Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. UBS Group lowered their price objective 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 set a $12.00 price target on Portillo's in a report on Monday. Finally, Stifel Nicolaus upped their target price on shares of Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $13.71.
Check Out Our Latest Research Report 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.
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