Ridgewood Investments LLC Acquires New Shares in Portillo’s Inc. (NASDAQ:PTLO)

Ridgewood Investments LLC bought a new stake in Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors also recently bought and sold shares of PTLO. Point72 DIFC Ltd bought a new position in Portillo’s in the second quarter valued at about $29,000. NBC Securities Inc. lifted its holdings in Portillo’s by 43.5% in the third 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 during the period. AdvisorShares Investments LLC bought a new position in Portillo’s in the second quarter valued at about $52,000. nVerses Capital LLC bought a new position in Portillo’s in the third quarter valued at about $69,000. Finally, Arizona State Retirement System lifted its holdings in Portillo’s by 24.9% in the second quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock valued at $159,000 after acquiring an additional 3,261 shares during the period. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Up 7.9 %

NASDAQ PTLO opened at $9.93 on Friday. The stock’s 50-day moving average price is $10.47 and its 200-day moving average price is $11.14. 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 52 week low of $8.38 and a 52 week high of $16.17. The company has a market capitalization of $737.02 million, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that Portillo’s Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on PTLO. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Wednesday, November 6th. Stephens reissued an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a report on Wednesday, November 6th. Finally, 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 research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Portillo’s has a consensus rating of “Hold” and an average price target of $13.57.

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.