Portillo’s Inc. (NASDAQ:PTLO) Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 94.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,250 shares of the company’s stock after purchasing an additional 21,000 shares during the period. First Dallas Securities Inc. owned about 0.06% of Portillo’s worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. NBC Securities Inc. grew its stake in Portillo’s by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Portillo’s in the 4th quarter valued at approximately $47,000. nVerses Capital LLC purchased a new stake in shares of Portillo’s in the 3rd quarter valued at approximately $69,000. Sonora Investment Management Group LLC purchased a new position in shares of Portillo’s in the 4th quarter valued at $98,000. Finally, Perfromance Wealth Partners LLC purchased a new position in Portillo’s during the 4th quarter worth $145,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Price Performance

Shares of PTLO opened at $13.73 on Tuesday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 14.26 and a beta of 1.81. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $16.17. The company’s fifty day simple moving average is $10.63 and its 200 day simple moving average is $11.47. 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 (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same period in the prior year, the company posted $0.07 earnings per share. Portillo’s’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Portillo’s Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on PTLO shares. Stephens reiterated an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th. Stifel Nicolaus upgraded shares of Portillo’s from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $16.00 in a report on Monday, January 27th. Morgan Stanley reduced their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group reduced their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.