Portillo’s Inc. Forecasted to Post Q1 2024 Earnings of $0.07 Per Share (NASDAQ:PTLO)

Portillo’s Inc. (NASDAQ:PTLOFree Report) – Investment analysts at William Blair issued their Q1 2024 earnings per share estimates for shares of Portillo’s in a report released on Monday, January 29th. William Blair analyst S. Zackfia forecasts that the company will post earnings of $0.07 per share for the quarter. The consensus estimate for Portillo’s’ current full-year earnings is $0.29 per share. William Blair also issued estimates for Portillo’s’ Q2 2024 earnings at $0.15 EPS, Q3 2024 earnings at $0.08 EPS and Q4 2024 earnings at $0.03 EPS.

Other research analysts have also issued research reports about the stock. Stephens initiated coverage on shares of Portillo’s in a research report on Friday, November 10th. They set an “overweight” rating and a $20.00 price objective for the company. Morgan Stanley lifted their price objective on Portillo’s from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, Piper Sandler reduced their target price on Portillo’s from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, November 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.00.

View Our Latest Stock Analysis on Portillo’s

Portillo’s Price Performance

NASDAQ:PTLO opened at $13.74 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.36. Portillo’s has a one year low of $12.85 and a one year high of $24.41. The company has a fifty day moving average price of $15.16 and a 200 day moving average price of $16.60. The stock has a market cap of $761.77 million, a P/E ratio of 52.85, a PEG ratio of 2.99 and a beta of 1.89.

Portillo’s (NASDAQ:PTLOGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Portillo’s had a net margin of 2.27% and a return on equity of 3.98%. The business had revenue of $166.81 million during the quarter, compared to the consensus estimate of $170.70 million.

Insider Buying and Selling at Portillo’s

In other Portillo’s news, COO Derrick Lee Pratt sold 1,827 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $14.94, for a total transaction of $27,295.38. Following the transaction, the chief operating officer now owns 23,599 shares of the company’s stock, valued at approximately $352,569.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 7.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTLO. Advisor Group Holdings Inc. lifted its holdings in Portillo’s by 1.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 35,782 shares of the company’s stock valued at $585,000 after buying an additional 504 shares during the period. LPL Financial LLC boosted its position in shares of Portillo’s by 0.8% in the 1st quarter. LPL Financial LLC now owns 65,765 shares of the company’s stock worth $1,405,000 after purchasing an additional 552 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Portillo’s by 0.9% during the first quarter. Bank of America Corp DE now owns 77,017 shares of the company’s stock worth $1,646,000 after purchasing an additional 659 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in Portillo’s by 39.2% in the second quarter. Metropolitan Life Insurance Co NY now owns 2,351 shares of the company’s stock valued at $53,000 after purchasing an additional 662 shares during the last quarter. Finally, Lakewood Asset Management LLC lifted its stake in Portillo’s by 2.5% in the third quarter. Lakewood Asset Management LLC now owns 28,131 shares of the company’s stock valued at $433,000 after buying an additional 694 shares during the period. Institutional investors own 81.66% of the company’s stock.

Portillo’s Company Profile

(Get Free Report)

Portillo's Inc owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. The company also offers its products through its website.

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