Two Sigma Investments LP Acquires New Position in Portillo's Inc. (NASDAQ:PTLO)

Two Sigma Investments LP acquired a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 194,363 shares of the company's stock, valued at approximately $1,827,000. Two Sigma Investments LP owned 0.26% of Portillo's as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Portillo's during the fourth quarter valued at about $395,000. Hodges Capital Management Inc. increased its holdings in Portillo's by 80.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock valued at $15,537,000 after purchasing an additional 737,049 shares during the period. First Dallas Securities Inc. raised its position in Portillo's by 94.4% during the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company's stock valued at $407,000 after purchasing an additional 21,000 shares during the last quarter. CenterStar Asset Management LLC raised its position in Portillo's by 348.4% during the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company's stock valued at $568,000 after purchasing an additional 47,029 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its holdings in 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 buying an additional 2,396 shares during the period. Institutional investors own 98.34% of the company's stock.

Insiders Place Their Bets

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo'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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PTLO shares. Stephens reissued an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a research note on Wednesday, May 7th. Robert W. Baird reiterated a "neutral" rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo's in a report on Monday, April 7th. Morgan Stanley set a $12.00 price objective on shares of Portillo's in a research report on Monday, April 14th. UBS Group dropped 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 report on Wednesday, May 7th. Finally, Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.71.

Portillo's Stock Up 3.1%

PTLO traded up $0.35 during trading on Friday, reaching $11.59. The stock had a trading volume of 1,700,602 shares, compared to its average volume of 1,454,600. 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 capitalization of $867.11 million, a price-to-earnings ratio of 27.60, a P/E/G ratio of 14.77 and a beta of 1.87. The stock's 50 day moving average is $11.49 and its two-hundred day moving average is $11.82. Portillo's Inc. has a one year low of $8.38 and a one year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $176.44 million for 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 company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. As a group, analysts expect that Portillo's Inc. will post 0.35 earnings per share for the current year.

About Portillo's

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.