Versor Investments LP Buys New Stake in Portillo’s Inc. (NASDAQ:PTLO)

Versor Investments LP bought a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, HoldingsChannel.com reports. The firm bought 12,500 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds also recently bought and sold shares of the company. Engaged Capital LLC lifted its position in shares of Portillo’s by 121.5% during the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after purchasing an additional 3,354,513 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in Portillo’s during the third quarter worth about $12,337,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Portillo’s during the 4th quarter worth approximately $2,590,000. Principal Financial Group Inc. increased its holdings in Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after buying an additional 175,999 shares during the period. Finally, Geode Capital Management LLC increased its stake in Portillo’s by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company’s stock valued at $17,113,000 after acquiring an additional 49,181 shares during the period. 98.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Portillo’s Stock Performance

Shares of Portillo’s stock opened at $14.03 on Wednesday. Portillo’s Inc. has a one year low of $8.38 and a one year high of $15.78. 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’s 50-day moving average is $12.56 and its 200-day moving average is $12.14. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping 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 firm had revenue of $184.61 million for the quarter, compared to analysts’ expectations of $185.16 million. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts predict that Portillo’s Inc. will post 0.35 earnings per share for the current fiscal year.

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.