Q4 Earnings Estimate for Portillo’s Issued By William Blair

Portillo’s Inc. (NASDAQ:PTLO) – Equities researchers at William Blair lowered their Q4 2024 EPS estimates for Portillo’s in a research note issued to investors on Wednesday, January 8th. William Blair analyst S. Zackfia now expects that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Portillo’s’ current full-year earnings is $0.30 per share.

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 analysts’ consensus estimates 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 3.65% and a return on equity of 5.62%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share.

Several other analysts have also recently commented on the company. UBS Group dropped their price target on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a report on Wednesday, November 6th. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.57.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $9.20 on Thursday. 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 firm has a fifty day moving average of $10.62 and a 200 day moving average of $11.15. The firm has a market cap of $682.84 million, a PE 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.

Hedge Funds Weigh In On Portillo’s

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in shares of Portillo’s in the 2nd quarter valued at $29,000. NBC Securities Inc. grew its holdings 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 worth $44,000 after purchasing an additional 1,000 shares during the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of Portillo’s during the second quarter worth about $52,000. nVerses Capital LLC acquired a new stake in shares of Portillo’s during the third quarter worth about $69,000. Finally, Arizona State Retirement System lifted its holdings in shares of Portillo’s by 24.9% in 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 during the last quarter. 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.