Brevan Howard Capital Management LP Makes New Investment in Portillo's Inc. (NASDAQ:PTLO)

Brevan Howard Capital Management LP bought a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,602 shares of the company's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management raised its stake 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 valued at $38,000 after buying an additional 2,000 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in 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 acquiring an additional 2,038 shares during the period. Lakewood Asset Management LLC raised its position 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 purchasing an additional 2,251 shares in the last quarter. Stoneridge Investment Partners LLC lifted its stake in Portillo's by 23.5% during the fourth 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 during the period. Finally, Rhumbline Advisers boosted its holdings in Portillo's by 3.5% during the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock valued at $760,000 after purchasing an additional 2,741 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

PTLO has been the subject of a number of recent research reports. Piper Sandler dropped their target price on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus upped their target price 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. Stephens reissued an "equal weight" rating and set a $13.00 price target on shares of Portillo's in a report on Wednesday, May 7th. Robert W. Baird reaffirmed a "neutral" rating and set a $12.00 price objective (down from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Finally, UBS Group dropped their price objective on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.71.

Portillo's Stock Down 1.6%

Shares of NASDAQ:PTLO opened at $11.24 on Monday. 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 cap of $838.54 million, a P/E ratio of 26.76, a P/E/G ratio of 14.77 and a beta of 1.83. Portillo's Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The company's 50-day moving average price is $11.78 and its two-hundred day moving average price is $11.87.

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 the consensus estimate of $0.04 by $0.01. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $176.44 million for the quarter, compared to analysts' expectations of $180.76 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Portillo's's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts forecast 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.

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