Sherbrooke Park Advisers LLC bought a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 43,013 shares of the company's stock, valued at approximately $404,000. Sherbrooke Park Advisers LLC owned about 0.06% of Portillo's as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in PTLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Portillo's by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company's stock valued at $289,000 after buying an additional 1,185 shares during the last quarter. Hollencrest Capital Management increased its holdings in shares of Portillo's by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $38,000 after acquiring an additional 2,000 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of Portillo's by 5.0% during 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 in the last quarter. Stoneridge Investment Partners LLC raised its position in shares of Portillo's by 23.5% in the 4th 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 last quarter. Finally, Rhumbline Advisers boosted its stake in Portillo's by 3.5% in the 4th quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock worth $760,000 after purchasing an additional 2,741 shares in the last quarter. 98.34% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on PTLO. Piper Sandler reduced their price objective on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Stephens reiterated an "equal weight" rating and set a $13.00 price target on shares of Portillo's in a report on Wednesday, May 7th. Morgan Stanley set a $12.00 price objective on shares of Portillo's in a report on Monday, April 14th. Baird R W cut Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Stifel Nicolaus lifted their target price on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.71.
Read Our Latest Analysis on PTLO
Portillo's Stock Performance
Shares of PTLO stock traded down $0.32 during trading hours on Friday, reaching $11.41. The company had a trading volume of 775,334 shares, compared to its average volume of 1,426,796. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The business has a fifty day moving average price of $11.60 and a 200-day moving average price of $11.84. Portillo's Inc. has a one year low of $8.38 and a one year high of $15.78. The firm has a market cap of $850.85 million, a PE ratio of 27.14, 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 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Sell-side analysts predict that Portillo's Inc. will post 0.35 earnings per share for the current fiscal year.
Insider Transactions at Portillo's
In related news, Director Berkshire Partners Llc sold 10,000,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $12.23, for a total transaction of $122,300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.57% of the company's stock.
Portillo's Company Profile
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Free Report)
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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