KLP Kapitalforvaltning AS Makes New $90,000 Investment in Portillo’s Inc. (NASDAQ:PTLO)

KLP Kapitalforvaltning AS acquired a new stake in shares of Portillo’s Inc. (NASDAQ:PTLO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,600 shares of the company’s stock, valued at approximately $90,000.

Other large investors also recently modified their holdings of the company. Hollencrest Capital Management lifted its position in shares of Portillo’s by 100.0% during the 4th 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 period. Ridgewood Investments LLC bought a new position in shares of Portillo’s during the fourth quarter valued at $47,000. Savant Capital LLC acquired a new stake in shares of Portillo’s in the 4th quarter valued at $96,000. Sonora Investment Management Group LLC bought a new stake in shares of Portillo’s in the 4th quarter worth about $98,000. Finally, Stoneridge Investment Partners LLC increased its position in shares of Portillo’s by 23.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock worth $118,000 after purchasing an additional 2,396 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Portillo’s Stock Down 2.1 %

Shares of NASDAQ:PTLO opened at $11.49 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market cap of $857.19 million, a price-to-earnings ratio of 27.36, a P/E/G ratio of 14.77 and a beta of 1.82. The company has a 50 day moving average of $13.26 and a 200-day moving average of $12.12. Portillo’s Inc. has a one year low of $8.38 and a one year high of $15.78.

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 firm had revenue of $184.61 million during 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 business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. On average, sell-side analysts forecast that Portillo’s Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Stephens raised their price target on Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Baird R W lowered Portillo’s from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Robert W. Baird restated a “neutral” rating and issued a $12.00 target price (down from $15.00) on shares of Portillo’s in a research note on Monday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.