Emerald Advisers LLC Trims Position in Portillo’s Inc. (NASDAQ:PTLO)

Emerald Advisers LLC trimmed its position in Portillo’s Inc. (NASDAQ:PTLO) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,242,736 shares of the company’s stock after selling 29,478 shares during the period. Emerald Advisers LLC’s holdings in Portillo’s were worth $11,682,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hollencrest Capital Management boosted its position in shares of Portillo’s by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Portillo’s by 5.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 43,032 shares of the company’s stock valued at $405,000 after buying an additional 2,038 shares during the period. Lakewood Asset Management LLC boosted its stake in Portillo’s by 2.2% during the fourth quarter. Lakewood Asset Management LLC now owns 104,638 shares of the company’s stock worth $984,000 after buying an additional 2,251 shares during the period. Stoneridge Investment Partners LLC raised its stake 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 valued at $118,000 after acquiring an additional 2,396 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Portillo’s by 3.5% during the 4th quarter. Rhumbline Advisers now owns 80,861 shares of the company’s stock worth $760,000 after purchasing an additional 2,741 shares during the period. 98.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group lowered 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 report on Tuesday, January 7th. Stephens upped their target price on Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Morgan Stanley cut 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. Finally, Stifel Nicolaus raised their target price on shares of Portillo’s from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Portillo’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Portillo’s Stock Down 2.3 %

PTLO opened at $12.08 on Friday. The stock has a market capitalization of $901.20 million, a price-to-earnings ratio of 28.76, a PEG ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $15.78. 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 fifty day moving average of $13.52 and a two-hundred day moving average of $12.22.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, research analysts expect that Portillo’s Inc. will post 0.35 earnings per share for the current year.

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.