Fund 1 Investments LLC Makes New Investment in Portillo’s Inc. (NASDAQ:PTLO)

Fund 1 Investments LLC purchased a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,625 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PTLO. Hodges Capital Management Inc. raised its stake in Portillo’s by 80.5% in the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock worth $15,537,000 after buying an additional 737,049 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Portillo’s by 139.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock valued at $10,360,000 after purchasing an additional 641,273 shares during the last quarter. Bamco Inc. NY bought a new position in Portillo’s in the fourth quarter worth about $4,105,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Portillo’s during the fourth quarter valued at about $2,590,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Portillo’s in the 4th quarter worth approximately $2,623,000. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Stock Down 1.6 %

Shares of PTLO opened at $11.24 on Friday. The stock’s 50-day moving average price is $11.78 and its 200-day moving average price is $11.88. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $838.54 million, a price-to-earnings ratio of 26.76, a PEG ratio of 14.77 and a beta of 1.83. Portillo’s Inc. has a 52 week low of $8.38 and a 52 week high of $15.78.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $180.76 million. During the same quarter last year, the company earned $0.08 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Portillo’s Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

PTLO has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday. Baird R W downgraded Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Stephens reiterated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research note on Wednesday. UBS Group lowered their price target on Portillo’s from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Robert W. Baird reissued a “neutral” rating and issued a $12.00 price objective (down from $15.00) on shares of Portillo’s in a report on Monday, April 7th. 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.

About Portillo’s

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.