Insight 2811 Inc. Makes New Investment in Portillo’s Inc. (NASDAQ:PTLO)

Insight 2811 Inc. acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,491 shares of the company’s stock, valued at approximately $117,000.

Other institutional investors have also made changes to their positions in the company. Hollencrest Capital Management grew its position in Portillo’s by 100.0% in the fourth 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 in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Portillo’s by 5.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock worth $405,000 after buying an additional 2,038 shares during the last quarter. Lakewood Asset Management LLC boosted its stake in shares of Portillo’s by 2.2% during the 4th quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after buying an additional 2,251 shares during the last quarter. Stoneridge Investment Partners LLC increased its position in shares of Portillo’s by 23.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after acquiring an additional 2,396 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Portillo’s by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,861 shares of the company’s stock valued at $760,000 after acquiring an additional 2,741 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Up 5.5 %

PTLO opened at $12.75 on Tuesday. The stock’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $12.23. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $15.78. The stock has a market cap of $951.19 million, a PE ratio of 30.36, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. 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 (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, research analysts expect that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on PTLO shares. Morgan Stanley decreased their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. UBS Group decreased their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stephens upped their price target on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.29.

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.