Fox Run Management L.L.C. Invests $428,000 in Portillo’s Inc. (NASDAQ:PTLO)

Fox Run Management L.L.C. bought a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 45,494 shares of the company’s stock, valued at approximately $428,000. Fox Run Management L.L.C. owned about 0.06% of Portillo’s as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management raised its holdings in shares of 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. Ridgewood Investments LLC acquired a new stake in Portillo’s in the 4th quarter valued at $47,000. KLP Kapitalforvaltning AS bought a new stake in Portillo’s during the 4th quarter worth about $90,000. Savant Capital LLC acquired a new position in shares of Portillo’s during the 4th quarter worth about $96,000. Finally, Sonora Investment Management Group LLC bought a new position in shares of Portillo’s in the 4th quarter valued at about $98,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Down 2.6 %

PTLO opened at $12.42 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. Portillo’s Inc. has a twelve month low of $8.38 and a twelve month high of $15.78. The stock has a market capitalization of $926.57 million, a price-to-earnings ratio of 29.57, a P/E/G ratio of 14.77 and a beta of 1.80. The company has a 50-day simple moving average of $13.59 and a 200 day simple moving average of $12.23.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. During the same quarter last year, the business posted $0.13 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts predict that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on PTLO. UBS Group reduced their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Stephens raised their target price on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus upped their target price 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. Finally, Morgan Stanley reduced their price objective on shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.29.

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.