Bamco Inc. NY Purchases New Holdings in Portillo's Inc. (NASDAQ:PTLO)

Bamco Inc. NY purchased a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 436,710 shares of the company's stock, valued at approximately $4,105,000. Bamco Inc. NY owned about 0.59% of Portillo's at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hodges Capital Management Inc. lifted its holdings in shares of Portillo's by 80.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock worth $15,537,000 after purchasing an additional 737,049 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Portillo's by 139.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company's stock worth $10,360,000 after purchasing an additional 641,273 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Portillo's during the 4th quarter worth approximately $2,590,000. Landscape Capital Management L.L.C. bought a new stake in shares of Portillo's during the 4th quarter worth $2,623,000. Finally, First Eagle Investment Management LLC purchased a new position in Portillo's in the fourth quarter worth $2,577,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo's Trading Down 1.6 %

Portillo's stock traded down $0.18 during trading hours on Friday, reaching $11.24. The stock had a trading volume of 1,983,599 shares, compared to its average volume of 1,392,756. The company has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $11.88. Portillo's Inc. has a 52 week low of $8.38 and a 52 week high of $15.78. The stock has a market cap of $838.54 million, a PE ratio of 26.76, a PEG ratio of 14.77 and a beta of 1.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $176.44 million during the quarter, compared to analyst estimates of $180.76 million. During the same quarter in the prior year, the company posted $0.08 EPS. Portillo's's quarterly revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stephens reaffirmed an "equal weight" rating and set a $13.00 price target on shares of Portillo's in a research note on Wednesday. UBS Group cut their target price on Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday. Piper Sandler reduced their price target 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. Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Morgan Stanley set a $12.00 target price on shares of Portillo's in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.71.

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.