Brevan Howard Capital Management LP Acquires New Position in Portillo’s Inc. (NASDAQ:PTLO)

Brevan Howard Capital Management LP bought a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, Holdings Channel reports. The firm bought 25,602 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors have also recently bought and sold shares of PTLO. Hodges Capital Management Inc. grew its stake in shares of Portillo’s by 80.5% during the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock worth $15,537,000 after purchasing an additional 737,049 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Portillo’s by 139.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,102,103 shares of the company’s stock worth $10,360,000 after buying an additional 641,273 shares during the last quarter. Bamco Inc. NY acquired a new position in shares of Portillo’s during the 4th quarter worth about $4,105,000. Chicago Partners Investment Group LLC acquired a new position in shares of Portillo’s during the 4th quarter worth about $2,590,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Portillo’s in the 4th quarter valued at about $2,623,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Robert W. Baird reissued a “neutral” rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo’s in a report on Monday, April 7th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, May 7th. Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, UBS Group lowered their price target on Portillo’s from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.71.

Portillo’s Trading Down 1.6%

PTLO opened at $11.24 on Monday. The stock has a market capitalization of $838.54 million, a P/E ratio of 26.76, a P/E/G ratio of 14.77 and a beta of 1.83. 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 Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The firm’s fifty day simple moving average is $11.78 and its 200 day simple moving average is $11.87.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $180.76 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. As a group, research analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current fiscal 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.