Dimensional Fund Advisors LP Has $5.70 Million Holdings in Portillo's Inc. $PTLO

Key Points

• Dimensional Fund Advisors reduced its Portillo’s holdings by 22.3% in the first quarter, selling 310,117 shares. It still owned 1.08 million shares worth approximately $5.70 million, while institutional investors collectively held 98.34% of the company.
• Analysts have a predominantly cautious outlook, with a consensus “Hold” rating and an average price target of $5.92. Recent target reductions placed individual estimates between $5 and $8.
• Portillo’s reported quarterly EPS of $0.09, matching estimates, while revenue rose 5.6% year over year to $198.95 million but narrowly missed expectations. Shares opened at $4.51, near their 50-day average and well below the one-year high of $8.21.

Dimensional Fund Advisors LP lessened its holdings in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 22.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,077,676 shares of the company's stock after selling 310,117 shares during the period. Dimensional Fund Advisors LP owned about 1.43% of Portillo's worth $5,701,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. First National Bank Sioux Falls acquired a new position in Portillo's during the 1st quarter worth approximately $56,000. Alpine Global Management LLC acquired a new stake in Portillo's in the fourth quarter valued at approximately $89,000. Aristides Capital LLC acquired a new stake in Portillo's in the fourth quarter valued at approximately $197,000. AXQ Capital LP bought a new stake in shares of Portillo's during the fourth quarter worth $199,000. Finally, ProShare Advisors LLC grew its stake in shares of Portillo's by 20.1% during the fourth quarter. ProShare Advisors LLC now owns 12,188 shares of the company's stock worth $55,000 after buying an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PTLO shares. Stephens reissued an "equal weight" rating and set a $5.00 price objective on shares of Portillo's in a report on Thursday, August 6th. Roth Capital set a $8.00 target price on Portillo's in a report on Wednesday, May 6th. Piper Sandler dropped their target price on Portillo's from $8.00 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. Morgan Stanley cut their price target on Portillo's from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus lowered their price objective on Portillo's from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.92.

Portillo's Price Performance

Shares of PTLO opened at $4.51 on Wednesday. The business has a 50-day moving average of $4.48 and a 200-day moving average of $5.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.26 and a quick ratio of 0.20. The company has a market capitalization of $341.90 million, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 0.90 and a beta of 1.56. Portillo's Inc. has a 1 year low of $3.78 and a 1 year high of $8.21.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Portillo's had a return on equity of 2.78% and a net margin of 1.85%.The business had revenue of $198.95 million for the quarter, compared to analysts' expectations of $199.22 million. During the same period in the prior year, the business posted $0.12 earnings per share. The firm's revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that Portillo's Inc. will post 0.2 earnings per share for the current year.

About Portillo's

Portillo’s, Inc operates a fast‐casual restaurant chain best known for its Chicago‐style menu, featuring Italian beef sandwiches, Chicago‐style hot dogs, char‐grilled burgers, salads, crinkle‐cut fries and hand‐spun milkshakes. In addition to its signature sandwiches and dogs, the company offers a selection of desserts—including its famous chocolate cake and frozen custard—as well as catering services designed to bring its Midwestern flavors to corporate and social events.

The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.

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