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

Fox Run Management L.L.C. acquired a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 45,494 shares of the company’s stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hollencrest Capital Management grew its stake in shares of Portillo’s by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Portillo’s during the 4th quarter valued at $47,000. KLP Kapitalforvaltning AS bought a new stake in Portillo’s during the 4th quarter worth $90,000. Savant Capital LLC acquired a new position in Portillo’s in the 4th quarter worth about $96,000. Finally, Sonora Investment Management Group LLC bought a new position in Portillo’s in the fourth quarter valued at about $98,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Down 2.6 %

Shares of NASDAQ PTLO opened at $12.42 on Wednesday. The company’s 50 day moving average price is $13.59 and its 200-day moving average price is $12.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s Inc. has a 52-week low of $8.38 and a 52-week high of $15.78. The company has a market capitalization of $926.57 million, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80.

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

Analyst Ratings Changes

PTLO has been the subject of several recent research reports. Stephens upped their price objective on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Morgan Stanley decreased their price target 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. UBS Group cut their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Stifel Nicolaus increased their price objective on Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Portillo’s 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.