Portillo’s Inc. (NASDAQ:PTLO) Shares Bought by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC grew its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,944,983 shares of the company’s stock after acquiring an additional 125,073 shares during the quarter. Portillo’s comprises 1.8% of Zuckerman Investment Group LLC’s portfolio, making the stock its 22nd biggest position. Zuckerman Investment Group LLC owned about 2.62% of Portillo’s worth $18,283,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Portillo’s by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock valued at $52,371,000 after buying an additional 97,801 shares during the last quarter. Principal Financial Group Inc. raised its position in Portillo’s by 10.9% in the third 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 in the last quarter. Hodges Capital Management Inc. grew its position in Portillo’s by 80.5% in the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock worth $15,537,000 after buying an additional 737,049 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Portillo’s by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 1,301,712 shares of the company’s stock worth $12,236,000 after purchasing an additional 9,866 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Portillo’s by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,282,547 shares of the company’s stock worth $12,060,000 after buying an additional 12,405 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo’s Stock Performance

Portillo’s stock opened at $11.74 on Thursday. Portillo’s Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. The company has a 50 day moving average price of $13.31 and a 200-day moving average price of $12.13. The company has a market capitalization of $875.84 million, a PE ratio of 27.95, a P/E/G ratio of 14.77 and a beta of 1.82. 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 (NASDAQ:PTLO) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. As a group, equities analysts forecast that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PTLO. Baird R W cut shares of Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday. UBS Group reduced their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus raised their price target on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Robert W. Baird reiterated a “neutral” rating and issued a $12.00 price target (down previously from $15.00) on shares of Portillo’s in a research note on Monday. Finally, Stephens raised their price target on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.86.

About Portillo’s

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.