24,939 Shares in Portillo's Inc. (NASDAQ:PTLO) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,939 shares of the company's stock, valued at approximately $234,000.

Other hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management boosted its stake in Portillo's by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $38,000 after buying an additional 2,000 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Portillo's in the 4th quarter worth about $47,000. Headlands Technologies LLC purchased a new stake in shares of Portillo's during the 4th quarter valued at about $83,000. KLP Kapitalforvaltning AS bought a new position in shares of Portillo's in the 4th quarter valued at about $90,000. Finally, Savant Capital LLC purchased a new position in Portillo's in the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Portillo's Trading Up 0.2 %

Shares of NASDAQ:PTLO traded up $0.03 on Friday, hitting $10.42. 528,894 shares of the company's stock were exchanged, compared to its average volume of 1,385,956. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market capitalization of $776.99 million, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The business's 50 day simple moving average is $12.17 and its two-hundred day simple moving average is $11.95. Portillo's Inc. has a 12 month low of $8.38 and a 12 month high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. Analysts anticipate that Portillo's Inc. will post 0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTLO has been the topic of a number of recent research reports. Stephens upped their price objective on Portillo's from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Baird R W lowered Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Stifel Nicolaus raised their price target on Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Robert W. Baird reiterated a "neutral" rating and set a $12.00 price objective (down previously from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Finally, Morgan Stanley set a $12.00 target price on shares of Portillo's in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Portillo's presently has a consensus rating of "Hold" and a consensus target price of $13.71.

Portillo's Company 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.