Bridgefront Capital LLC Purchases New Stake in Portillo's Inc. (NASDAQ:PTLO)

Bridgefront Capital LLC acquired a new position in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,977 shares of the company's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTLO. Hodges Capital Management Inc. raised its holdings in Portillo's by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock worth $15,537,000 after acquiring an additional 737,049 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Portillo's by 139.2% during the 4th 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 during the last quarter. Bamco Inc. NY bought a new stake in Portillo's during the 4th quarter valued at approximately $4,105,000. Chicago Partners Investment Group LLC acquired a new stake in Portillo's in the 4th quarter valued at approximately $2,590,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Portillo's in the 4th quarter valued at approximately $2,623,000. Institutional investors own 98.34% of the company's stock.

Portillo's Price Performance

Portillo's stock traded down $0.18 during mid-day trading on Friday, hitting $11.24. 1,983,599 shares of the company were exchanged, compared to its average volume of 1,392,756. The business has a fifty day moving average of $11.78 and a 200 day moving average of $11.88. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo's Inc. has a 1-year low of $8.38 and a 1-year high of $15.78. The company has a market capitalization of $838.54 million, a PE ratio of 26.76, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PTLO. Morgan Stanley set a $12.00 price objective on Portillo's in a research report on Monday, April 14th. Stephens restated an "equal weight" rating and issued a $13.00 price target on shares of Portillo's in a research report on Wednesday. Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. UBS Group reduced their target price 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 cut their price target on Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.71.

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.