Portillo's Inc. (NASDAQ:PTLO - Free Report) - Equities researchers at William Blair reduced their Q4 2024 earnings per share estimates for Portillo's in a note issued to investors on Wednesday, January 8th. William Blair analyst S. Zackfia now anticipates that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for Portillo's' current full-year earnings is $0.30 per share.
Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million for the quarter, compared to analysts' expectations of $182.07 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS.
Other equities analysts have also issued reports about the company. Stephens reiterated an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research note on Wednesday, November 6th. UBS Group lowered their target price on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Portillo's currently has a consensus rating of "Hold" and a consensus price target of $13.57.
Read Our Latest Analysis on Portillo's
PTLO stock opened at $9.20 on Thursday. The company has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $11.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a market capitalization of $682.84 million, a P/E ratio of 21.90, a PEG ratio of 10.96 and a beta of 1.72. Portillo's has a one year low of $8.38 and a one year high of $16.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC raised its holdings in shares of Portillo's by 2.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company's stock valued at $434,000 after buying an additional 781 shares during the period. NBC Securities Inc. raised its stake in shares of Portillo's by 43.5% during the third quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock valued at $44,000 after purchasing an additional 1,000 shares during the period. Select Equity Group L.P. lifted its position in shares of Portillo's by 2.6% during the second quarter. Select Equity Group L.P. now owns 112,424 shares of the company's stock worth $1,093,000 after purchasing an additional 2,897 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Portillo's in the second quarter valued at $29,000. Finally, Arizona State Retirement System grew its holdings in Portillo's by 24.9% during the 2nd quarter. Arizona State Retirement System now owns 16,354 shares of the company's stock valued at $159,000 after purchasing an additional 3,261 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.
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.
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