Soros Capital Management LLC Boosts Holdings in Portillo's Inc. (NASDAQ:PTLO)

Soros Capital Management LLC increased its stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 49.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,451 shares of the company's stock after purchasing an additional 24,431 shares during the quarter. Soros Capital Management LLC owned approximately 0.10% of Portillo's worth $690,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Portillo's by 1.6% in the third quarter. State Street Corp now owns 1,085,786 shares of the company's stock valued at $14,626,000 after buying an additional 17,306 shares during the period. Barclays PLC lifted its holdings in shares of Portillo's by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company's stock worth $1,581,000 after purchasing an additional 41,944 shares during the period. Geode Capital Management LLC grew its stake in shares of Portillo's by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock worth $17,113,000 after purchasing an additional 49,181 shares during the last quarter. Franklin Resources Inc. raised its position in Portillo's by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after purchasing an additional 32,810 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Portillo's by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock worth $24,086,000 after buying an additional 175,999 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

Portillo's Stock Performance

Shares of NASDAQ PTLO traded up $0.11 during mid-day trading on Friday, hitting $10.73. The company had a trading volume of 1,843,378 shares, compared to its average volume of 1,373,436. The stock's 50-day moving average price is $12.46 and its 200-day moving average price is $12.01. 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 Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The company has a market capitalization of $800.49 million, a price-to-earnings ratio of 25.55, a P/E/G ratio of 14.77 and a beta of 1.82.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. The firm had revenue of $184.61 million during the quarter, compared to analysts' expectations of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. On average, sell-side analysts forecast that Portillo's Inc. will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stephens lifted their price objective on Portillo's from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Baird R W cut shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Morgan Stanley set a $12.00 target price on shares of Portillo's in a report on Monday, April 14th. UBS Group lowered their price objective on Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Robert W. Baird restated a "neutral" rating and set a $12.00 target price (down previously from $15.00) on shares of Portillo's in a research report on Monday, April 7th. 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 MarketBeat.com, the stock currently 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.