Mesirow Financial Investment Management Inc. Has $405,000 Stock Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Mesirow Financial Investment Management Inc. lifted its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,032 shares of the company’s stock after purchasing an additional 2,038 shares during the quarter. Mesirow Financial Investment Management Inc. owned about 0.06% of Portillo’s worth $405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Lakewood Asset Management LLC boosted its position in 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 acquiring an additional 2,251 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in Portillo’s by 23.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock worth $118,000 after acquiring an additional 2,396 shares during the last quarter. Rhumbline Advisers boosted its position in Portillo’s by 3.5% during the 4th quarter. Rhumbline Advisers now owns 80,861 shares of the company’s stock worth $760,000 after acquiring an additional 2,741 shares during the last quarter. TFB Advisors LLC boosted its position in Portillo’s by 14.7% during the 3rd quarter. TFB Advisors LLC now owns 27,585 shares of the company’s stock worth $372,000 after acquiring an additional 3,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Portillo’s by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,262 shares of the company’s stock worth $4,345,000 after acquiring an additional 3,845 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Portillo’s Trading Up 1.1 %

Shares of Portillo’s stock opened at $13.93 on Friday. The business has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $12.18. Portillo’s Inc. has a 1 year low of $8.38 and a 1 year high of $15.78. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 14.77 and a beta of 1.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $184.61 million during the quarter, compared to the consensus estimate of $185.16 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts forecast that Portillo’s Inc. will post 0.35 EPS for the current 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.