Olympiad Research LP acquired a new stake in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,322 shares of the company's stock, valued at approximately $191,000.
A number of other hedge funds have also recently bought and sold shares of the company. Engaged Capital LLC raised its holdings in Portillo's by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after acquiring an additional 3,354,513 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Portillo's in the third quarter valued at $12,337,000. Emerald Advisers LLC increased its stake in Portillo's by 29.4% in the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock valued at $17,137,000 after purchasing an additional 288,675 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Portillo's during the fourth quarter worth about $2,590,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Portillo's in the 3rd quarter worth about $3,165,000. Institutional investors and hedge funds own 98.34% of the company's stock.
A number of research firms have recently commented on PTLO. Stifel Nicolaus raised shares of Portillo's from a "hold" rating to a "buy" rating and upped their price objective for the company from $13.00 to $16.00 in a research note on Monday, January 27th. Morgan Stanley dropped 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 decreased 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, Stephens restated an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Portillo's currently has an average rating of "Moderate Buy" and a consensus price target of $14.00.
Read Our Latest Analysis on Portillo's
Shares of NASDAQ PTLO opened at $13.70 on Monday. The stock has a fifty day moving average price of $11.84 and a 200 day moving average price of $12.00. The company has a market cap of $1.02 billion, a P/E ratio of 32.62, a P/E/G ratio of 14.77 and a beta of 1.82. Portillo's Inc. has a 12-month low of $8.38 and a 12-month high of $16.17. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.
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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