Zurcher Kantonalbank Zurich Cantonalbank Has $139,000 Stock Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in Portillo’s Inc. (NASDAQ:PTLO) by 18.1% in the fourth quarter, HoldingsChannel reports. The firm owned 8,736 shares of the company’s stock after selling 1,925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Portillo’s were worth $139,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Portillo’s by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,523,034 shares of the company’s stock worth $69,609,000 after purchasing an additional 57,451 shares during the period. Blair William & Co. IL grew its holdings in Portillo’s by 10.7% in the third quarter. Blair William & Co. IL now owns 2,495,995 shares of the company’s stock worth $38,413,000 after purchasing an additional 241,069 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in Portillo’s by 631.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 614,230 shares of the company’s stock worth $9,453,000 after purchasing an additional 530,257 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Portillo’s by 17.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 362,394 shares of the company’s stock valued at $5,577,000 after buying an additional 54,093 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Portillo’s by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 163,609 shares of the company’s stock valued at $2,518,000 after buying an additional 17,744 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PTLO has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens reiterated an “overweight” rating and set a $20.00 price objective on shares of Portillo’s in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Finally, Robert W. Baird reduced their price objective on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.17.

Portillo’s Stock Down 2.5 %

PTLO opened at $10.35 on Thursday. The firm has a market capitalization of $755.24 million, a P/E ratio of 33.39, a PEG ratio of 1.56 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.40 and a quick ratio of 0.32. Portillo’s Inc. has a fifty-two week low of $10.26 and a fifty-two week high of $23.99. The company’s 50-day moving average is $12.98 and its 200 day moving average is $14.22.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $165.83 million for the quarter, compared to analyst estimates of $174.90 million. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Research analysts expect that Portillo’s Inc. will post 0.4 earnings per share for the current fiscal 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.