Emerald Mutual Fund Advisers Trust Sells 167,858 Shares of Portillo's Inc. (NASDAQ:PTLO)

Emerald Mutual Fund Advisers Trust lowered its position in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 731,603 shares of the company's stock after selling 167,858 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.99% of Portillo's worth $6,877,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PTLO. Geode Capital Management LLC grew its position in Portillo's by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,142 shares of the company's stock valued at $17,113,000 after purchasing an additional 49,181 shares during the period. Barclays PLC grew its holdings in shares of Portillo's by 55.6% during the third quarter. Barclays PLC now owns 117,430 shares of the company's stock valued at $1,581,000 after buying an additional 41,944 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Portillo's by 2.6% during the third quarter. Franklin Resources Inc. now owns 1,291,846 shares of the company's stock worth $15,838,000 after acquiring an additional 32,810 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Portillo's by 10.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company's stock worth $24,086,000 after acquiring an additional 175,999 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Portillo's in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Portillo's Stock Performance

Shares of Portillo's stock traded up $0.06 on Friday, reaching $10.45. 2,239,593 shares of the company traded hands, compared to its average volume of 1,396,429. The company has a 50 day moving average of $12.08 and a 200 day moving average of $11.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo's Inc. has a 52 week low of $8.38 and a 52 week high of $15.78. The firm has a market capitalization of $779.60 million, a PE ratio of 24.88, a PEG ratio of 14.77 and a beta of 1.82.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $184.61 million during the quarter, compared to analyst estimates of $185.16 million. During the same period in the prior year, the company earned $0.13 earnings per share. Portillo's's revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Portillo's Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PTLO. Robert W. Baird reissued a "neutral" rating and issued a $12.00 price objective (down from $15.00) on shares of Portillo's in a research note on Monday, April 7th. Stifel Nicolaus raised their price objective on Portillo's from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Baird R W lowered shares of Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. UBS Group dropped their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley set a $12.00 price objective on shares of Portillo's in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Portillo's presently has an average rating of "Hold" and a consensus target price of $13.71.

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.