Two Sigma Investments LP Invests $1.83 Million in Portillo's Inc. (NASDAQ:PTLO)

Two Sigma Investments LP purchased a new position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 194,363 shares of the company's stock, valued at approximately $1,827,000. Two Sigma Investments LP owned 0.26% of Portillo's at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Portillo's by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,742 shares of the company's stock worth $289,000 after buying an additional 1,185 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Portillo's by 100.0% in 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 during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Portillo's by 5.0% in 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 during the last quarter. Stoneridge Investment Partners LLC raised its position in Portillo's by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company's stock valued at $118,000 after purchasing an additional 2,396 shares during the period. Finally, Rhumbline Advisers raised its position in Portillo's by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company's stock valued at $760,000 after purchasing an additional 2,741 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Stock Performance

NASDAQ PTLO traded up $0.11 during trading hours on Wednesday, reaching $12.06. 1,101,574 shares of the company were exchanged, compared to its average volume of 1,447,293. The business's 50 day simple moving average is $11.51 and its 200-day simple moving average is $11.81. The stock has a market capitalization of $902.27 million, a P/E ratio of 28.71, a P/E/G ratio of 14.77 and a beta of 1.83. Portillo's Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. 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 (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. On average, equities research analysts expect that Portillo's Inc. will post 0.35 earnings per share for the current year.

Insider Buying and Selling at Portillo's

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of Portillo's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $12.23, for a total value of $122,300,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.57% of the company's stock.

Analysts Set New Price Targets

PTLO has been the subject of a number of research reports. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stifel Nicolaus boosted their price objective on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group dropped their price target on Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Piper Sandler lowered their price objective on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley set a $12.00 price target on shares of Portillo's in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.71.

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.