Dynamic Technology Lab Private Ltd Purchases Shares of 50,898 Portillo’s Inc. (NASDAQ:PTLO)

Dynamic Technology Lab Private Ltd bought a new position in Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,898 shares of the company’s stock, valued at approximately $478,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Portillo’s at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Dallas Securities Inc. increased its holdings in shares of Portillo’s by 94.4% in the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock valued at $407,000 after buying an additional 21,000 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Portillo’s by 229.0% during the fourth quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock worth $405,000 after purchasing an additional 30,000 shares during the period. Principal Financial Group Inc. raised its position in shares of Portillo’s by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after purchasing an additional 175,999 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Portillo’s during the fourth quarter valued at $1,331,000. Finally, CenterStar Asset Management LLC increased its stake in Portillo’s by 348.4% in the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock worth $568,000 after purchasing an additional 47,029 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTLO has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Stephens lifted their price objective 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. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. 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 report on Tuesday, January 7th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $12.00 price objective (down from $15.00) on shares of Portillo’s in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.86.

Portillo’s Stock Performance

Shares of PTLO stock opened at $10.52 on Wednesday. The firm has a market cap of $784.82 million, a P/E ratio of 25.05, a PEG ratio of 14.77 and a beta of 1.82. 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 Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The stock’s 50-day moving average is $13.39 and its two-hundred day moving average is $12.14.

Portillo’s (NASDAQ:PTLO) last announced 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. The company had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. Portillo’s’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS. Analysts predict that Portillo’s Inc. will post 0.35 earnings per share for the current fiscal year.

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.