Sherbrooke Park Advisers LLC Purchases New Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Sherbrooke Park Advisers LLC purchased a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,013 shares of the company’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PTLO. Hollencrest Capital Management boosted its holdings 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 last quarter. Comerica Bank lifted its holdings in Portillo’s by 172.6% during the 4th quarter. Comerica Bank now owns 5,395 shares of the company’s stock worth $51,000 after buying an additional 3,416 shares during the last quarter. Fund 1 Investments LLC acquired a new position in shares of Portillo’s in the 4th quarter worth approximately $53,000. BNP Paribas Financial Markets acquired a new position in shares of Portillo’s in the 4th quarter worth approximately $62,000. Finally, Headlands Technologies LLC acquired a new position in shares of Portillo’s in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

PTLO has been the subject of several research reports. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research report on Wednesday, May 7th. UBS Group decreased their target price on Portillo’s from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Morgan Stanley set a $12.00 target price on Portillo’s in a research report on Monday, April 14th. Piper Sandler decreased their target price on Portillo’s from $17.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $12.00 target price (down previously from $15.00) on shares of Portillo’s in a research report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.71.

Portillo’s Trading Up 4.5%

NASDAQ:PTLO opened at $13.35 on Friday. Portillo’s Inc. has a 12-month low of $8.38 and a 12-month high of $15.78. The firm has a market capitalization of $995.95 million, a P/E ratio of 31.79, a P/E/G ratio of 14.77 and a beta of 1.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The business has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $11.87.

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

Portillo’s Company 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.