Charles Schwab Investment Management Inc. Has $4.35 Million Stock Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Charles Schwab Investment Management Inc. increased its position in Portillo’s Inc. (NASDAQ:PTLO) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 462,262 shares of the company’s stock after purchasing an additional 3,845 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Portillo’s were worth $4,345,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PTLO. Ridgewood Investments LLC bought a new position in shares of Portillo’s during the fourth quarter worth approximately $47,000. Savant Capital LLC bought a new stake in Portillo’s during the fourth quarter worth $96,000. Sonora Investment Management Group LLC bought a new position in Portillo’s in the fourth quarter valued at about $98,000. Stoneridge Investment Partners LLC lifted its stake in shares of Portillo’s by 23.5% in the 4th 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 last quarter. Finally, Versor Investments LP acquired a new stake in Portillo’s during the 4th quarter worth approximately $118,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PTLO shares. Stephens lifted their target price on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Morgan Stanley cut their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus lifted their price target on shares of Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, UBS Group reduced 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 note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Portillo’s Stock Down 1.1 %

PTLO stock opened at $12.28 on Thursday. The company’s 50 day moving average is $13.59 and its 200 day moving average is $12.23. The stock has a market cap of $916.12 million, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 14.77 and a beta of 1.80. Portillo’s Inc. has a 1-year low of $8.38 and a 1-year high of $15.78. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Portillo’s (NASDAQ:PTLO) last posted 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. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $184.61 million for the quarter, compared to the consensus estimate of $185.16 million. During the same period last year, the firm posted $0.13 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Sell-side analysts predict that Portillo’s Inc. will post 0.35 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.