William Blair Has Pessimistic View of Portillo’s Q4 Earnings

Portillo’s Inc. (NASDAQ:PTLO) – Investment analysts at William Blair cut their Q4 2024 earnings per share (EPS) estimates for shares of Portillo’s in a research note issued on Wednesday, November 6th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.04. The consensus estimate for Portillo’s’ current full-year earnings is $0.27 per share. William Blair also issued estimates for Portillo’s’ Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.33 EPS and FY2026 earnings at $0.47 EPS.

Several other research analysts have also commented on the company. Stephens reiterated an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research report on Wednesday. Morgan Stanley dropped their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Bank of America cut their price target on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a report on Wednesday. Finally, UBS Group boosted their price target on shares of Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday. Four equities 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.com, Portillo’s currently has a consensus rating of “Hold” and an average price target of $14.00.

Portillo’s Stock Performance

Portillo’s stock opened at $12.77 on Thursday. The company’s 50-day moving average price is $12.75 and its 200-day moving average price is $11.26. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60. The company has a market cap of $931.89 million, a PE ratio of 30.40, a price-to-earnings-growth ratio of 17.75 and a beta of 1.78. Portillo’s has a twelve month low of $8.66 and a twelve month high of $16.92.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period last year, the firm posted $0.07 earnings per share. Portillo’s’s revenue for the quarter was up 6.9% compared to the same quarter last year.

Institutional Investors Weigh In On Portillo’s

Large investors have recently modified their holdings of the business. Engaged Capital LLC raised its position in shares of Portillo’s by 38.7% in the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after purchasing an additional 770,443 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Portillo’s by 14.9% in the first quarter. Vanguard Group Inc. now owns 5,402,242 shares of the company’s stock worth $76,604,000 after buying an additional 700,583 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Portillo’s by 307.9% in the second quarter. Squarepoint Ops LLC now owns 522,580 shares of the company’s stock worth $5,079,000 after buying an additional 394,479 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Portillo’s by 499.4% during the second quarter. Millennium Management LLC now owns 392,167 shares of the company’s stock worth $3,812,000 after buying an additional 326,743 shares during the period. Finally, Emerald Advisers LLC grew its holdings in shares of Portillo’s by 29.4% during the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company’s stock valued at $17,137,000 after buying an additional 288,675 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.