Emerald Advisers LLC Buys 41,078 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Emerald Advisers LLC grew its stake in shares of Portillo’s Inc. (NASDAQ:PTLO) by 4.4% during the second quarter, HoldingsChannel reports. The firm owned 983,539 shares of the company’s stock after purchasing an additional 41,078 shares during the quarter. Emerald Advisers LLC’s holdings in Portillo’s were worth $9,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PTLO. Vanguard Group Inc. lifted its holdings in Portillo’s by 14.9% in the first quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after buying an additional 700,583 shares during the period. Principal Financial Group Inc. raised its position in shares of Portillo’s by 2.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,612,114 shares of the company’s stock worth $15,670,000 after acquiring an additional 39,466 shares in the last quarter. Granahan Investment Management LLC lifted its stake in shares of Portillo’s by 33.8% in the 4th 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. Emerald Mutual Fund Advisers Trust boosted its position in shares of Portillo’s by 2.6% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 804,644 shares of the company’s stock valued at $7,821,000 after purchasing an additional 20,195 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in Portillo’s by 3.3% in 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 during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler lowered their price objective on Portillo’s from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Stifel Nicolaus lowered their price target on shares of Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Morgan Stanley cut their price objective 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. Bank of America lowered their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Stephens restated an “overweight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.25.

Portillo’s Trading Down 1.8 %

Shares of NASDAQ PTLO opened at $11.73 on Friday. The firm’s 50 day moving average price is $10.59 and its 200-day moving average price is $11.46. Portillo’s Inc. has a 52-week low of $8.66 and a 52-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. The company has a market cap of $856.00 million, a PE ratio of 29.33, a P/E/G ratio of 15.10 and a beta of 1.77.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) 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 the consensus estimate of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, equities research analysts expect that Portillo’s Inc. will post 0.28 EPS for the current fiscal year.

Portillo’s Company 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.