Rice Hall James & Associates LLC Sells 833 Shares of Portillo’s Inc. (NASDAQ:PTLO)

Rice Hall James & Associates LLC reduced its stake in Portillo’s Inc. (NASDAQ:PTLO) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 207,112 shares of the company’s stock after selling 833 shares during the period. Rice Hall James & Associates LLC’s holdings in Portillo’s were worth $1,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PTLO. Engaged Capital LLC boosted its position in shares of Portillo’s by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock worth $82,368,000 after purchasing an additional 3,354,513 shares during the last quarter. Hodges Capital Management Inc. bought a new position in Portillo’s during the third quarter worth about $12,337,000. Emerald Advisers LLC lifted its holdings in Portillo’s by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock worth $17,137,000 after acquiring an additional 288,675 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Portillo’s during the fourth quarter worth about $2,590,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Portillo’s during the third quarter worth about $3,165,000. 98.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on PTLO. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. UBS Group reduced their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus upgraded Portillo’s from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $16.00 in a report on Monday, January 27th. Finally, Stephens reiterated an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Portillo’s Stock Performance

Shares of Portillo’s stock opened at $15.14 on Wednesday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 15.55 and a beta of 1.82. The stock’s 50-day moving average is $11.48 and its 200-day moving average is $11.86. Portillo’s Inc. has a one year low of $8.38 and a one year high of $16.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.

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.