Graham Capital Management L.P. purchased a new position in Portillo's Inc. (NASDAQ:PTLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 91,701 shares of the company's stock, valued at approximately $862,000. Graham Capital Management L.P. owned 0.12% of Portillo's as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Portillo's by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company's stock valued at $52,371,000 after acquiring an additional 97,801 shares during the last quarter. Zuckerman Investment Group LLC lifted its position in Portillo's by 6.9% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,944,983 shares of the company's stock valued at $18,283,000 after acquiring an additional 125,073 shares during the last quarter. Principal Financial Group Inc. lifted its position in Portillo's by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock valued at $24,086,000 after acquiring an additional 175,999 shares during the last quarter. Marshall Wace LLP lifted its position in Portillo's by 8.2% during the fourth quarter. Marshall Wace LLP now owns 1,751,856 shares of the company's stock valued at $16,467,000 after acquiring an additional 132,112 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its position in Portillo's by 80.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company's stock valued at $15,537,000 after acquiring an additional 737,049 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Analyst Ratings Changes
PTLO has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. UBS Group cut their price target on shares of Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird restated a "neutral" rating and set a $12.00 price target (down previously from $15.00) on shares of Portillo's in a research note on Monday, April 7th. 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. Finally, Morgan Stanley set a $12.00 price target on shares of Portillo's in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.71.
Get Our Latest Stock Report on PTLO
Portillo's Stock Performance
Shares of Portillo's stock traded up $0.57 during trading on Friday, hitting $13.35. 3,666,886 shares of the company's stock were exchanged, compared to its average volume of 1,404,269. 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 50-day simple moving average of $11.67 and a 200-day simple moving average of $11.87. Portillo's Inc. has a 52-week low of $8.38 and a 52-week high of $15.78. The stock has a market capitalization of $995.95 million, a price-to-earnings ratio of 31.79, a PEG ratio of 14.77 and a beta of 1.83.
Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $176.44 million for the quarter, compared to analyst estimates 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 last year, the business earned $0.08 earnings per share. On average, research analysts forecast that Portillo's Inc. will post 0.35 EPS for the current year.
Portillo's 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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