Q2 2024 Earnings Estimate for Portillo’s Inc. Issued By William Blair (NASDAQ:PTLO)

Portillo’s Inc. (NASDAQ:PTLO) – Equities research analysts at William Blair decreased their Q2 2024 EPS estimates for Portillo’s in a research note issued on Tuesday, May 7th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. The consensus estimate for Portillo’s’ current full-year earnings is $0.40 per share. William Blair also issued estimates for Portillo’s’ FY2024 earnings at $0.33 EPS and FY2025 earnings at $0.41 EPS.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The firm had revenue of $165.83 million for the quarter, compared to analyst estimates of $174.90 million. During the same period last year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year.

PTLO has been the subject of several other research reports. Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Portillo’s in a report on Tuesday. Morgan Stanley lowered their target price on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Robert W. Baird decreased their price objective on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, UBS Group decreased their price objective on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.17.

Portillo’s Stock Down 2.5 %

Portillo’s stock opened at $10.35 on Thursday. The firm’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $14.22. The firm has a market capitalization of $755.24 million, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.62. Portillo’s has a 1-year low of $10.26 and a 1-year high of $23.99.

Institutional Trading of Portillo’s

A number of large investors have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS increased its stake in shares of Portillo’s by 631.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 614,230 shares of the company’s stock worth $9,453,000 after purchasing an additional 530,257 shares in the last quarter. Granahan Investment Management LLC increased its stake in shares of Portillo’s by 33.8% in the fourth quarter. Granahan Investment Management LLC now owns 1,324,465 shares of the company’s stock worth $21,099,000 after purchasing an additional 334,731 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Portillo’s by 22.3% in the first quarter. Principal Financial Group Inc. now owns 1,572,648 shares of the company’s stock worth $22,300,000 after purchasing an additional 286,618 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Portillo’s by 10.7% in the third quarter. Blair William & Co. IL now owns 2,495,995 shares of the company’s stock worth $38,413,000 after purchasing an additional 241,069 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in shares of Portillo’s in the first quarter worth about $2,074,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.