104,789 Shares in Portillo's Inc. (NASDAQ:PTLO) Acquired by 1492 Capital Management LLC

1492 Capital Management LLC bought a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 104,789 shares of the company's stock, valued at approximately $985,000. 1492 Capital Management LLC owned 0.14% of Portillo's at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management lifted its position in shares of Portillo's by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock worth $38,000 after purchasing an additional 2,000 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in Portillo's by 5.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company's stock valued at $405,000 after purchasing an additional 2,038 shares in the last quarter. Lakewood Asset Management LLC raised its holdings in Portillo's by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock worth $984,000 after buying an additional 2,251 shares during the last quarter. Stoneridge Investment Partners LLC increased its holdings in shares of Portillo's by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock worth $118,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Rhumbline Advisers raised its position 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 buying an additional 2,741 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PTLO. Robert W. Baird reiterated a "neutral" rating and issued a $12.00 price objective (down previously from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Morgan Stanley set a $12.00 price target on Portillo's in a report on Monday, April 14th. Baird R W cut Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Stifel Nicolaus raised their price objective 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. Finally, UBS Group lowered their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.71.

Portillo's Trading Down 0.4 %

Shares of Portillo's stock traded down $0.04 during trading on Wednesday, hitting $10.80. The stock had a trading volume of 513,655 shares, compared to its average volume of 1,355,699. 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 $805.71 million, a PE ratio of 25.71, a PEG ratio of 14.77 and a beta of 1.82. Portillo's Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The firm's fifty day simple moving average is $12.73 and its 200-day simple moving average is $12.04.

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

Portillo's Company 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.