Landscape Capital Management L.L.C. Boosts Stock Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Landscape Capital Management L.L.C. increased its position in shares of Portillo’s Inc. (NASDAQ:PTLOFree Report) by 121.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 135,528 shares of the company’s stock after acquiring an additional 74,314 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Portillo’s were worth $2,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Portillo’s by 22.3% in the 2nd quarter. BlackRock Inc. now owns 2,824,642 shares of the company’s stock valued at $63,639,000 after buying an additional 514,762 shares during the period. Vanguard Group Inc. raised its holdings in Portillo’s by 41.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,583,288 shares of the company’s stock valued at $50,866,000 after buying an additional 752,280 shares during the period. Samlyn Capital LLC purchased a new stake in Portillo’s in the 1st quarter valued at about $47,879,000. Norges Bank purchased a new stake in Portillo’s in the 4th quarter valued at about $22,032,000. Finally, Balyasny Asset Management L.P. raised its holdings in Portillo’s by 2,309.9% in the 1st quarter. Balyasny Asset Management L.P. now owns 1,346,532 shares of the company’s stock valued at $28,775,000 after buying an additional 1,290,658 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Portillo’s Stock Down 2.5 %

PTLO stock opened at $13.74 on Monday. The company’s 50 day moving average price is $15.12 and its 200 day moving average price is $16.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.36 and a current ratio of 0.43. Portillo’s Inc. has a fifty-two week low of $12.85 and a fifty-two week high of $24.41. The firm has a market capitalization of $761.77 million, a price-to-earnings ratio of 52.85, a PEG ratio of 2.66 and a beta of 1.87.

Portillo’s (NASDAQ:PTLOGet Free Report) last released its earnings results on Thursday, November 2nd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Portillo’s had a return on equity of 3.98% and a net margin of 2.27%. The firm had revenue of $166.81 million for the quarter, compared to analysts’ expectations of $170.70 million. On average, equities research analysts anticipate that Portillo’s Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PTLO. Piper Sandler reduced their price objective on shares of Portillo’s from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, November 6th. Morgan Stanley boosted their price target on shares of Portillo’s from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Finally, Stephens started coverage on shares of Portillo’s in a research note on Friday, November 10th. They set an “overweight” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Portillo’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Read Our Latest Analysis on PTLO

Insider Buying and Selling

In related news, COO Derrick Lee Pratt sold 1,827 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $14.94, for a total value of $27,295.38. Following the completion of the transaction, the chief operating officer now directly owns 23,599 shares of the company’s stock, valued at $352,569.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.19% of the company’s stock.

Portillo’s Profile

(Free Report)

Portillo's Inc owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. The company also offers its products through its website.

Further Reading

Want to see what other hedge funds are holding PTLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portillo’s Inc. (NASDAQ:PTLOFree Report).

Institutional Ownership by Quarter for Portillo's (NASDAQ:PTLO)

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