Portillo’s FY2024 EPS Estimate Increased by William Blair

Portillo’s Inc. (NASDAQ:PTLO) – Research analysts at William Blair raised their FY2024 earnings estimates for shares of Portillo’s in a research note issued on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.38 for the year, up from their prior forecast of $0.30. The consensus estimate for Portillo’s’ current full-year earnings is $0.30 per share. William Blair also issued estimates for Portillo’s’ Q4 2024 earnings at $0.08 EPS.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million during the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue was up 6.9% on a year-over-year basis.

PTLO has been the subject of several other reports. Stifel Nicolaus cut shares of 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. UBS Group lowered their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have given 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 $13.57.

Portillo’s Stock Down 2.4 %

Shares of NASDAQ:PTLO opened at $11.73 on Thursday. The stock has a market capitalization of $870.60 million, a price-to-earnings ratio of 27.93, a PEG ratio of 10.75 and a beta of 1.72. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. Portillo’s has a 12-month low of $8.38 and a 12-month high of $16.17. The stock has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $11.18.

Hedge Funds Weigh In On Portillo’s

A number of institutional investors have recently modified their holdings of the stock. Engaged Capital LLC increased its position in shares of Portillo’s by 121.5% in the third quarter. Engaged Capital LLC now owns 6,114,956 shares of the company’s stock valued at $82,368,000 after buying an additional 3,354,513 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in Portillo’s during the third quarter worth about $12,337,000. Squarepoint Ops LLC raised its position in shares of Portillo’s by 307.9% during the 2nd quarter. Squarepoint Ops LLC now owns 522,580 shares of the company’s stock valued at $5,079,000 after buying an additional 394,479 shares during the period. Millennium Management LLC lifted its stake in shares of Portillo’s by 499.4% in the 2nd quarter. Millennium Management LLC now owns 392,167 shares of the company’s stock valued at $3,812,000 after purchasing an additional 326,743 shares during the last quarter. Finally, Emerald Advisers LLC lifted its position in Portillo’s by 29.4% in 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.

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.