436,710 Shares in Portillo's Inc. (NASDAQ:PTLO) Acquired by Bamco Inc. NY

Bamco Inc. NY purchased a new position in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 436,710 shares of the company's stock, valued at approximately $4,105,000. Bamco Inc. NY owned 0.59% of Portillo's as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PTLO. Hollencrest Capital Management raised its holdings in 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 purchasing an additional 2,000 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Portillo's in the 4th quarter worth about $47,000. Comerica Bank lifted its position in Portillo's by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company's stock valued at $51,000 after acquiring an additional 3,416 shares during the period. BNP Paribas Financial Markets bought a new stake in Portillo's during the fourth quarter worth about $62,000. Finally, Headlands Technologies LLC bought a new stake in Portillo's during the fourth quarter worth about $83,000. Institutional investors own 98.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Stephens reiterated an "equal weight" rating and issued a $13.00 price target on shares of Portillo's in a research note on Wednesday. Stifel Nicolaus upped their price objective on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Baird R W cut shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. UBS Group reduced their price target on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Piper Sandler lowered their price objective on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.71.

Portillo's Stock Down 1.6 %

Portillo's stock traded down $0.18 during midday trading on Friday, hitting $11.24. 1,983,599 shares of the company's stock were exchanged, compared to its average volume of 1,397,738. 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 $838.54 million, a PE ratio of 26.76, a P/E/G ratio of 14.77 and a beta of 1.83. The firm has a 50-day moving average of $11.84 and a two-hundred day moving average of $11.89. Portillo's Inc. has a 12 month low of $8.38 and a 12 month high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $176.44 million for the quarter, compared to analyst estimates of $180.76 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. Portillo's's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. As a group, analysts expect that Portillo's Inc. will post 0.35 earnings per share 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.