EntryPoint Capital LLC Buys New Stake in Portillo’s Inc. (NASDAQ:PTLO)

EntryPoint Capital LLC purchased a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) during the 4th quarter, Holdings Channel.com reports. The fund purchased 62,236 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors have also modified their holdings of the company. First Dallas Securities Inc. boosted its stake 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 worth $407,000 after buying an additional 21,000 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Portillo’s by 229.0% during the 4th 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. grew its stake in shares of Portillo’s by 10.9% during the 3rd 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. CenterStar Asset Management LLC increased its holdings in shares of Portillo’s by 348.4% during the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock valued at $568,000 after purchasing an additional 47,029 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in shares of Portillo’s in the 4th quarter valued at $2,577,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Up 5.5 %

NASDAQ PTLO opened at $12.75 on Tuesday. Portillo’s Inc. has a one year low of $8.38 and a one year high of $15.78. 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 business has a fifty day moving average price of $13.57 and a 200 day moving average price of $12.23. The company has a market cap of $951.19 million, a P/E ratio of 30.36, a P/E/G ratio of 14.77 and a beta of 1.80.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share 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 business had revenue of $184.61 million for the quarter, compared to analysts’ expectations of $185.16 million. During the same period in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Research analysts anticipate that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PTLO. Stifel Nicolaus lifted their price objective on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. UBS Group cut their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stephens increased their price target on Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley cut their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.29.

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.