Portillo’s Inc. (NASDAQ:PTLO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 6.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,417 shares of the company’s stock after purchasing an additional 26,588 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Portillo’s worth $6,175,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PTLO. Engaged Capital LLC increased its stake in shares of Portillo’s by 38.7% in the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after purchasing an additional 770,443 shares during the period. Principal Financial Group Inc. raised its position in shares of Portillo’s by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after purchasing an additional 175,999 shares during the period. Emerald Advisers LLC lifted its holdings in shares of Portillo’s by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock valued at $17,137,000 after purchasing an additional 288,675 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Portillo’s by 11.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 899,461 shares of the company’s stock valued at $12,116,000 after purchasing an additional 94,817 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Portillo’s by 0.6% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 715,345 shares of the company’s stock worth $9,636,000 after buying an additional 4,425 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

PTLO has been the topic of several recent research reports. UBS Group raised their target price on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stephens restated an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.00.

Portillo’s Stock Down 1.7 %

Shares of NASDAQ:PTLO opened at $10.12 on Thursday. The business has a fifty day simple moving average of $11.99 and a 200 day simple moving average of $11.27. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market cap of $751.13 million, a P/E ratio of 24.10, a P/E/G ratio of 12.10 and a beta of 1.69. Portillo’s Inc. has a 12-month low of $8.66 and a 12-month high of $16.92.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. Analysts predict that Portillo’s Inc. will post 0.3 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.