Portillo's Inc. (NASDAQ:PTLO) Shares Purchased by Emerald Advisers LLC

Emerald Advisers LLC increased its position in shares of Portillo's Inc. (NASDAQ:PTLO - Free Report) by 29.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,272,214 shares of the company's stock after purchasing an additional 288,675 shares during the quarter. Emerald Advisers LLC owned approximately 1.74% of Portillo's worth $17,137,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Portillo's by 14.9% during the first quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company's stock worth $76,604,000 after purchasing an additional 700,583 shares in the last quarter. Engaged Capital LLC increased its position in shares of Portillo's by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company's stock worth $26,832,000 after purchasing an additional 770,443 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Portillo's by 2.5% during the second quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company's stock worth $15,670,000 after purchasing an additional 39,466 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Portillo's by 11.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 899,461 shares of the company's stock worth $12,116,000 after purchasing an additional 94,817 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Portillo's by 3.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 576,865 shares of the company's stock worth $8,180,000 after purchasing an additional 18,451 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Portillo's Trading Up 7.3 %

Shares of Portillo's stock traded up $0.95 during trading hours on Friday, hitting $13.88. The company's stock had a trading volume of 1,478,837 shares, compared to its average volume of 763,343. Portillo's Inc. has a twelve month low of $8.66 and a twelve month high of $16.98. The firm has a fifty day moving average of $12.68 and a 200-day moving average of $11.21. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 16.81 and a beta of 1.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Portillo's had a net margin of 3.30% and a return on equity of 5.08%. The business had revenue of $181.86 million during the quarter, compared to analyst estimates of $184.44 million. During the same period last year, the company earned $0.12 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts forecast that Portillo's Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTLO. Stephens lowered Portillo's from an "overweight" rating to an "equal weight" rating and set a $13.00 price objective on the stock. in a research note on Monday, October 7th. Stifel Nicolaus lowered their price objective on Portillo's from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. Bank of America lowered their price objective on Portillo's from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Finally, Morgan Stanley lowered their price objective on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 16th. Three investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.