XTX Topco Ltd Makes New $234,000 Investment in Portillo’s Inc. (NASDAQ:PTLO)

by · The Markets Daily

XTX Topco Ltd acquired a new stake in shares of Portillo’s Inc. (NASDAQ:PTLO – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,939 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of PTLO. First Dallas Securities Inc. lifted its stake in Portillo’s by 94.4% in the 4th 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 holdings 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 valued at $405,000 after acquiring an additional 30,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Portillo’s by 10.9% in the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after acquiring an additional 175,999 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Portillo’s in the fourth quarter worth approximately $1,331,000. Finally, CenterStar Asset Management LLC increased its position in shares of Portillo’s by 348.4% during the fourth 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. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Price Performance

Shares of PTLO stock opened at $10.73 on Friday. The firm’s 50-day moving average is $12.46 and its two-hundred day moving average is $12.00. Portillo’s Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. 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 company has a market capitalization of $800.49 million, a PE ratio of 25.55, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82.

Portillo’s (NASDAQ:PTLO – Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The firm 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%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. Analysts predict that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PTLO shares. UBS Group decreased their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus raised their price target on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Stephens boosted their price target 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. Baird R W downgraded shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, Morgan Stanley set a $12.00 target price on Portillo’s in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Portillo’s has an average rating of “Hold” and a consensus price target of $13.71.

Check Out Our Latest Stock Report on Portillo’s

Portillo’s Profile

(Free Report)

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.

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