Kornitzer Capital Management Inc. KS Increases Stock Holdings in Portillo’s Inc. (NASDAQ:PTLO)

Kornitzer Capital Management Inc. KS boosted its position in shares of Portillo’s Inc. (NASDAQ:PTLO) by 0.6% during the third quarter, Holdings Channel.com reports. The firm owned 715,345 shares of the company’s stock after buying an additional 4,425 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Portillo’s were worth $9,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PTLO. California State Teachers Retirement System increased its holdings in Portillo’s by 10.4% in the 1st quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock valued at $770,000 after purchasing an additional 5,120 shares during the last quarter. Engaged Capital LLC boosted its holdings in Portillo’s by 38.7% during the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after acquiring an additional 770,443 shares during the period. Swiss National Bank grew its position in Portillo’s by 17.4% in the 1st quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after acquiring an additional 16,100 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in Portillo’s by 51.2% during the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock worth $2,801,000 after purchasing an additional 70,409 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Portillo’s during the first quarter worth about $188,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PTLO shares. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research note on Wednesday. UBS Group lifted their target price on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday. Stephens restated an “equal weight” rating and set a $13.00 price target on shares of Portillo’s in a report on Wednesday. Morgan Stanley reduced their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Bank of America cut their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Portillo’s Trading Down 2.8 %

PTLO opened at $12.77 on Friday. The business’s 50-day simple moving average is $12.75 and its 200-day simple moving average is $11.26. The company has a market cap of $931.89 million, a P/E ratio of 30.40, a PEG ratio of 17.75 and a beta of 1.78. Portillo’s Inc. has a one year low of $8.66 and a one year high of $16.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, equities research analysts expect that Portillo’s Inc. will post 0.27 EPS for the current fiscal 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.