Blueshift Asset Management LLC Invests $648,000 in Portillo’s Inc. (NASDAQ:PTLO)

Blueshift Asset Management LLC purchased a new position in shares of Portillo’s Inc. (NASDAQ:PTLO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 68,925 shares of the company’s stock, valued at approximately $648,000. Blueshift Asset Management LLC owned 0.09% of Portillo’s at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Dallas Securities Inc. boosted its stake in Portillo’s by 94.4% during the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock worth $407,000 after acquiring an additional 21,000 shares during the last quarter. Fifth Third Bancorp boosted its stake in Portillo’s by 229.0% during the 4th quarter. Fifth Third Bancorp now owns 43,100 shares of the company’s stock worth $405,000 after acquiring an additional 30,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after acquiring an additional 175,999 shares during the last quarter. CenterStar Asset Management LLC boosted its stake in Portillo’s by 348.4% during the 4th quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock worth $568,000 after acquiring an additional 47,029 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in Portillo’s during the 4th quarter worth approximately $2,577,000. Institutional investors own 98.34% of the company’s stock.

Portillo’s Stock Performance

Shares of PTLO stock opened at $12.36 on Friday. The company’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $12.22. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market cap of $922.09 million, a PE ratio of 29.43, a P/E/G ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a 12 month low of $8.38 and a 12 month high of $15.78.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business 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 firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Equities research analysts expect that Portillo’s Inc. will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on PTLO. UBS Group reduced their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Stephens lifted their price target 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. Finally, Stifel Nicolaus lifted their price target on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Three 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.29.

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.