Bridgefront Capital LLC Takes Position in Portillo's Inc. (NASDAQ:PTLO)

Bridgefront Capital LLC purchased a new stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,977 shares of the company's stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. lifted its holdings in shares of Portillo's by 94.4% during the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock worth $407,000 after purchasing an additional 21,000 shares during the period. Fifth Third Bancorp raised its holdings in Portillo's by 229.0% during the fourth quarter. Fifth Third Bancorp now owns 43,100 shares of the company's stock worth $405,000 after purchasing an additional 30,000 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Portillo's by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after purchasing an additional 175,999 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Portillo's during the 4th quarter worth approximately $1,331,000. Finally, CenterStar Asset Management LLC lifted its holdings in shares of Portillo's by 348.4% in the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company's stock valued at $568,000 after buying an additional 47,029 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PTLO has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stephens reiterated an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a research note on Wednesday, May 7th. Robert W. Baird restated a "neutral" rating and set a $12.00 target price (down from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Finally, 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 report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.71.

Portillo's Price Performance

Shares of NASDAQ:PTLO traded up $0.43 on Tuesday, hitting $12.59. The company had a trading volume of 685,598 shares, compared to its average volume of 1,395,269. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company has a market cap of $939.25 million, a PE ratio of 29.98, a PEG ratio of 14.77 and a beta of 1.83. The business has a 50 day moving average of $11.75 and a 200 day moving average of $11.87. Portillo's Inc. has a 52-week low of $8.38 and a 52-week high of $15.78.

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

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.