Emerald Advisers LLC cut its position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,242,736 shares of the company's stock after selling 29,478 shares during the quarter. Emerald Advisers LLC owned approximately 1.67% of Portillo's worth $11,682,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of PTLO. Victory Capital Management Inc. boosted its position in Portillo's by 23.9% during the third quarter. Victory Capital Management Inc. now owns 78,766 shares of the company's stock worth $1,061,000 after acquiring an additional 15,175 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Portillo's during the third quarter worth $181,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Portillo's by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,417 shares of the company's stock worth $6,175,000 after purchasing an additional 26,588 shares during the last quarter. Soros Capital Management LLC grew its position in shares of Portillo's by 51.9% in the third quarter. Soros Capital Management LLC now owns 49,020 shares of the company's stock valued at $660,000 after purchasing an additional 16,758 shares during the period. Finally, Engaged Capital LLC increased its stake in Portillo's by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after purchasing an additional 3,354,513 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PTLO has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus raised their target price on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Stephens upped 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. Finally, UBS Group decreased their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Portillo's currently has an average rating of "Moderate Buy" and a consensus target price of $14.29.
Read Our Latest Report on Portillo's
Portillo's Trading Up 1.4 %
PTLO traded up $0.17 on Thursday, reaching $12.45. 1,128,816 shares of the company's stock were exchanged, compared to its average volume of 1,305,992. Portillo's Inc. has a twelve month low of $8.38 and a twelve month high of $15.78. The company's 50 day moving average is $13.61 and its 200-day moving average is $12.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market cap of $928.81 million, a price-to-earnings ratio of 29.64, a PEG ratio of 14.77 and a beta of 1.80.
Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The business had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. During the same quarter last year, the firm posted $0.13 EPS. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Portillo's Inc. will post 0.35 earnings per share for the current year.
Portillo's Company Profile
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Free Report)
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.
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