Monimus Capital Management LP Invests $849,000 in Portillo’s Inc. (NASDAQ:PTLO)

Monimus Capital Management LP acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,287 shares of the company’s stock, valued at approximately $849,000. Monimus Capital Management LP owned about 0.12% of Portillo’s as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PTLO. Hollencrest Capital Management raised 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 during the period. Ridgewood Investments LLC purchased a new position in shares of Portillo’s during the fourth quarter worth about $47,000. Savant Capital LLC purchased a new position in shares of Portillo’s during the fourth quarter worth about $96,000. Sonora Investment Management Group LLC purchased a new stake in Portillo’s in the 4th quarter valued at approximately $98,000. Finally, Stoneridge Investment Partners LLC boosted its holdings in Portillo’s by 23.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after purchasing an additional 2,396 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Portillo’s Stock Down 1.2 %

Shares of NASDAQ PTLO opened at $12.32 on Friday. The stock has a market cap of $919.11 million, a P/E ratio of 29.33, a P/E/G ratio of 14.77 and a beta of 1.80. The firm has a 50 day moving average price of $13.23 and a 200 day moving average price of $12.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s Inc. has a 52-week low of $8.38 and a 52-week high of $15.78.

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

Analyst Upgrades and Downgrades

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

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.