GSA Capital Partners LLP Raises Stake in Portillo’s Inc. (NASDAQ:PTLO)

GSA Capital Partners LLP lifted its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 38.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 95,060 shares of the company’s stock after buying an additional 26,465 shares during the period. GSA Capital Partners LLP owned 0.13% of Portillo’s worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Portillo’s by 14.9% during the first quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after purchasing an additional 700,583 shares during the last quarter. Engaged Capital LLC increased its stake in 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 last quarter. Principal Financial Group Inc. lifted its position in 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 buying an additional 175,999 shares during the period. Emerald Advisers LLC boosted its stake in Portillo’s by 29.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after buying an additional 288,675 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in 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 buying an additional 94,817 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Portillo’s Price Performance

PTLO opened at $11.43 on Friday. The company has a 50 day moving average of $12.76 and a two-hundred day moving average of $11.26. Portillo’s Inc. has a 52-week low of $8.66 and a 52-week high of $16.92. 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 company has a market cap of $834.05 million, a P/E ratio of 27.48, a P/E/G ratio of 14.38 and a beta of 1.78.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Portillo’s Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PTLO shares. UBS Group increased their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stephens reiterated an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a report on Wednesday, November 6th. Finally, Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.00.

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.