Soros Capital Management LLC Has $690,000 Position in Portillo’s Inc. (NASDAQ:PTLO)

Soros Capital Management LLC raised its stake in Portillo’s Inc. (NASDAQ:PTLO) by 49.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,451 shares of the company’s stock after acquiring an additional 24,431 shares during the quarter. Soros Capital Management LLC owned about 0.10% of Portillo’s worth $690,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Hollencrest Capital Management boosted its stake in Portillo’s by 100.0% in the 4th 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 during the period. Ridgewood Investments LLC acquired a new stake in Portillo’s in the 4th quarter worth about $47,000. Headlands Technologies LLC bought a new position in shares of Portillo’s during the fourth quarter worth approximately $83,000. KLP Kapitalforvaltning AS bought a new stake in shares of Portillo’s in the fourth quarter valued at approximately $90,000. Finally, Savant Capital LLC acquired a new stake in Portillo’s during the fourth quarter worth approximately $96,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Stock Performance

Shares of Portillo’s stock opened at $11.53 on Monday. The firm has a market capitalization of $860.17 million, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The business’s fifty day simple moving average is $12.90 and its 200 day simple moving average is $12.06. 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 12 month low of $8.38 and a 12 month high of $15.78.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

PTLO has been the subject of several analyst reports. Morgan Stanley set a $12.00 target price on shares of Portillo’s in a research report on Monday, April 14th. Stifel Nicolaus upped their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Baird R W lowered shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Robert W. Baird reiterated a “neutral” rating and issued a $12.00 target price (down from $15.00) on shares of Portillo’s in a report on Monday, April 7th. Finally, UBS Group reduced their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.