Dimensional Fund Advisors LP Acquires 641,273 Shares of Portillo's Inc. (NASDAQ:PTLO)

Dimensional Fund Advisors LP increased its position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 139.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,102,103 shares of the company's stock after purchasing an additional 641,273 shares during the period. Dimensional Fund Advisors LP owned approximately 1.48% of Portillo's worth $10,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management lifted its holdings in shares of 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 purchasing an additional 2,000 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Portillo's by 5.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company's stock worth $405,000 after acquiring an additional 2,038 shares during the last quarter. Lakewood Asset Management LLC lifted its position in shares of Portillo's by 2.2% in the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company's stock valued at $984,000 after acquiring an additional 2,251 shares in the last quarter. Stoneridge Investment Partners LLC increased its position in Portillo's by 23.5% during 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 in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Portillo's by 3.5% during 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 during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Portillo's Stock Performance

PTLO traded up $0.09 during trading on Thursday, hitting $12.64. The stock had a trading volume of 537,661 shares, compared to its average volume of 1,393,548. The firm has a market cap of $942.61 million, a PE ratio of 29.95, a P/E/G ratio of 14.77 and a beta of 1.83. The company has a 50 day simple moving average of $11.69 and a 200-day simple moving average of $11.88. Portillo's Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $176.44 million for the quarter, compared to analyst estimates of $180.76 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. Analysts expect that Portillo's Inc. will post 0.35 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group reduced their target price on Portillo's from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Baird R W downgraded shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stifel Nicolaus increased their price target on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Piper Sandler lowered 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. Finally, Morgan Stanley set a $12.00 target price on Portillo's in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Portillo's has an average rating of "Hold" and a consensus 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.