Savant Capital LLC Takes $96,000 Position in Portillo’s Inc. (NASDAQ:PTLO)

Savant Capital LLC acquired a new stake in Portillo’s Inc. (NASDAQ:PTLO) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 10,221 shares of the company’s stock, valued at approximately $96,000.

Several other hedge funds also recently modified their holdings of the stock. Engaged Capital LLC grew its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Portillo’s by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after acquiring an additional 175,999 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Portillo’s by 80.5% in the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock valued at $15,537,000 after acquiring an additional 737,049 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Portillo’s by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company’s stock valued at $15,838,000 after acquiring an additional 32,810 shares in the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of Portillo’s by 29.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock valued at $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Portillo’s Trading Down 3.6 %

Shares of PTLO stock opened at $14.60 on Thursday. The firm has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $11.92. 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 company has a market capitalization of $1.08 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 15.55 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.

Analyst Ratings Changes

PTLO has been the subject of several analyst reports. Stephens restated an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a report on Wednesday, November 6th. Morgan Stanley reduced their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. UBS Group reduced their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $16.00 in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Portillo’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Portillo’s 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.