Quest Partners LLC Acquires Shares of 35,413 Portillo’s Inc. (NASDAQ:PTLO)

Quest Partners LLC acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,413 shares of the company’s stock, valued at approximately $564,000.

Other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Portillo’s during the fourth quarter worth about $1,099,000. Charles Schwab Investment Management Inc. raised its holdings in Portillo’s by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 378,116 shares of the company’s stock worth $6,023,000 after purchasing an additional 15,722 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Portillo’s by 31.6% in the fourth quarter. Y.D. More Investments Ltd now owns 6,250 shares of the company’s stock valued at $100,000 after buying an additional 1,500 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Portillo’s by 56.7% in the fourth quarter. Victory Capital Management Inc. now owns 21,510 shares of the company’s stock valued at $343,000 after buying an additional 7,784 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Portillo’s in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PTLO. UBS Group dropped their target price on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Morgan Stanley dropped their target price on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Portillo’s in a report on Tuesday, May 7th. Finally, Robert W. Baird dropped their target price on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.17.

Portillo’s Stock Performance

Portillo’s stock opened at $10.10 on Thursday. The company has a market capitalization of $737.00 million, a price-to-earnings ratio of 25.25, a PEG ratio of 5.07 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.29 and a current ratio of 0.36. The stock has a fifty day moving average of $12.27 and a two-hundred day moving average of $13.88. Portillo’s Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $23.99.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Portillo’s had a return on equity of 5.23% and a net margin of 3.41%. The company had revenue of $165.83 million during the quarter, compared to the consensus estimate of $174.90 million. During the same period in the previous year, the firm posted $0.05 EPS. Portillo’s’s revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Portillo’s Inc. will post 0.34 EPS for the current fiscal year.

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.