Portillo’s Inc. (NASDAQ:PTLO) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,751,856 shares of the company’s stock after acquiring an additional 132,112 shares during the period. Marshall Wace LLP owned approximately 2.36% of Portillo’s worth $16,467,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Hollencrest Capital Management increased its holdings in Portillo’s by 100.0% in the 4th 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. Ridgewood Investments LLC purchased a new stake in shares of Portillo’s in the fourth quarter worth about $47,000. Headlands Technologies LLC acquired a new stake in shares of Portillo’s in the fourth quarter valued at about $83,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Portillo’s in the fourth quarter valued at about $90,000. Finally, Savant Capital LLC purchased a new stake in shares of Portillo’s during the 4th quarter valued at about $96,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Down 2.6 %

NASDAQ:PTLO opened at $11.53 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market capitalization of $860.17 million, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. Portillo’s Inc. has a one year low of $8.38 and a one year high of $15.78. The stock has a 50-day simple moving average of $12.90 and a 200 day simple moving average of $12.06.

Portillo’s (NASDAQ:PTLO) last issued its 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 return on equity of 5.62% and a net margin of 3.65%. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PTLO shares. Morgan Stanley set a $12.00 price target on Portillo’s in a report on Monday, April 14th. Baird R W downgraded shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Stephens lifted 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 note on Wednesday, February 26th. Stifel Nicolaus upped 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. Finally, UBS Group dropped their target price 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.71.

About Portillo’s

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.