Emerald Advisers LLC Sells 29,478 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Emerald Advisers LLC decreased its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,242,736 shares of the company’s stock after selling 29,478 shares during the quarter. Emerald Advisers LLC owned about 1.67% of Portillo’s worth $11,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PTLO. Vanguard Group Inc. boosted its holdings in Portillo’s by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,571,434 shares of the company’s stock worth $52,371,000 after acquiring an additional 97,801 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Portillo’s in the 4th quarter worth about $428,000. KLP Kapitalforvaltning AS purchased a new stake in Portillo’s during the fourth quarter worth about $90,000. Blueshift Asset Management LLC purchased a new position in Portillo’s in the fourth quarter valued at about $648,000. Finally, Corient Private Wealth LLC grew its position in shares of Portillo’s by 51.1% during the 4th quarter. Corient Private Wealth LLC now owns 33,811 shares of the company’s stock valued at $318,000 after acquiring an additional 11,433 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Trading Down 2.3 %

NASDAQ:PTLO opened at $12.08 on Friday. Portillo’s Inc. has a 12 month low of $8.38 and a 12 month high of $15.78. The stock has a market cap of $901.20 million, a price-to-earnings ratio of 28.76, a P/E/G ratio of 14.77 and a beta of 1.80. The company has a 50-day moving average price of $13.52 and a 200-day moving average price of $12.22. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last announced 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 firm had revenue of $184.61 million for the quarter, compared to analysts’ expectations of $185.16 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts predict that Portillo’s Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price 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, January 21st. UBS Group reduced their price objective on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus upped their target price on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Stephens lifted their target price on shares of Portillo’s from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Portillo’s currently has an average rating of “Moderate Buy” and an average target price of $14.29.

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.