Newbridge Financial Services Group Inc. Has $71,000 Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Newbridge Financial Services Group Inc. lessened its holdings in Portillo’s Inc. (NASDAQ:PTLO) by 14.1% in the fourth quarter, HoldingsChannel reports. The fund owned 7,600 shares of the company’s stock after selling 1,250 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Portillo’s were worth $71,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PTLO. Stoneridge Investment Partners LLC increased its position in shares of Portillo’s by 23.5% in the fourth 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 during the period. CenterStar Asset Management LLC lifted its holdings in shares of Portillo’s by 348.4% in the fourth 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. First Dallas Securities Inc. boosted its stake in shares of Portillo’s by 94.4% in the 4th quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock valued at $407,000 after purchasing an additional 21,000 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Portillo’s by 80.5% during the 4th quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock valued at $15,537,000 after purchasing an additional 737,049 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Portillo’s during the 4th quarter worth approximately $2,590,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on PTLO shares. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. UBS Group dropped their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley reduced their price target 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. Finally, Stifel Nicolaus upgraded shares of Portillo’s from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $16.00 in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Portillo’s Trading Up 4.5 %

Shares of PTLO stock opened at $15.15 on Tuesday. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $16.17. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 15.06 and a beta of 1.82. The stock has a 50-day moving average of $10.94 and a 200-day moving average of $11.64.

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.