Portillo’s Inc. (NASDAQ:PTLO) Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 804,644 shares of the company’s stock after purchasing an additional 20,195 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 1.10% of Portillo’s worth $7,821,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Portillo’s by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 378,116 shares of the company’s stock valued at $6,023,000 after buying an additional 15,722 shares during the last quarter. California State Teachers Retirement System grew its stake in Portillo’s by 10.4% during the 1st quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock valued at $770,000 after purchasing an additional 5,120 shares during the last quarter. Granahan Investment Management LLC increased its holdings in shares of Portillo’s by 33.8% in the fourth quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company’s stock valued at $21,099,000 after purchasing an additional 334,731 shares during the period. Swiss National Bank raised its stake in shares of Portillo’s by 17.4% in the first quarter. Swiss National Bank now owns 108,400 shares of the company’s stock worth $1,537,000 after purchasing an additional 16,100 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Portillo’s by 8.5% during the fourth quarter. New York State Common Retirement Fund now owns 65,028 shares of the company’s stock worth $1,036,000 after purchasing an additional 5,087 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PTLO. Morgan Stanley cut their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Stephens reiterated an “overweight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Tuesday, August 6th. Bank of America decreased their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Piper Sandler cut their price target on Portillo’s from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Finally, Stifel Nicolaus reduced their price objective on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Portillo’s presently has an average rating of “Moderate Buy” and an average target price of $15.25.

Portillo’s Stock Down 1.8 %

PTLO opened at $11.73 on Friday. The company has a fifty day moving average of $10.59 and a two-hundred day moving average of $11.46. The stock has a market capitalization of $856.00 million, a price-to-earnings ratio of 29.33, a PEG ratio of 15.10 and a beta of 1.77. Portillo’s Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $17.34. 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) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $181.86 million during the quarter, compared to analysts’ expectations of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. Portillo’s’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, research analysts expect that Portillo’s Inc. will post 0.28 earnings per share for the current year.

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.