What is William Blair’s Estimate for Portillo’s Q3 Earnings?

Portillo’s Inc. (NASDAQ:PTLO) – Stock analysts at William Blair decreased their Q3 2024 earnings per share (EPS) estimates for shares of Portillo’s in a note issued to investors on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.09. The consensus estimate for Portillo’s’ current full-year earnings is $0.29 per share. William Blair also issued estimates for Portillo’s’ Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.30 EPS and FY2025 earnings at $0.36 EPS.

Several other brokerages have also recently issued reports on PTLO. Bank of America lowered their price target on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Stifel Nicolaus reduced their price objective on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Stephens downgraded shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a research note on Monday, October 7th. Finally, Morgan Stanley dropped their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Portillo’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.86.

Portillo’s Stock Up 0.1 %

PTLO opened at $12.89 on Monday. The stock has a market cap of $940.65 million, a P/E ratio of 32.23, a P/E/G ratio of 14.85 and a beta of 1.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.98. The stock’s 50 day moving average price is $12.57 and its 200 day moving average price is $11.20.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The firm had revenue of $181.86 million during the quarter, compared to analyst estimates of $184.44 million. During the same period last year, the business earned $0.12 EPS. The firm’s revenue was up 7.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in shares of Portillo’s by 10.4% in the first quarter. California State Teachers Retirement System now owns 54,329 shares of the company’s stock valued at $770,000 after purchasing an additional 5,120 shares in the last quarter. Engaged Capital LLC lifted its holdings in shares of Portillo’s by 38.7% during the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock worth $26,832,000 after acquiring an additional 770,443 shares during the period. Swiss National Bank boosted its position in shares of Portillo’s by 17.4% during the 1st quarter. Swiss National Bank now owns 108,400 shares of the company’s stock valued at $1,537,000 after acquiring an additional 16,100 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Portillo’s during the 1st quarter valued at about $188,000. Finally, Victory Capital Management Inc. increased its stake in Portillo’s by 218.1% in the second quarter. Victory Capital Management Inc. now owns 63,591 shares of the company’s stock valued at $618,000 after acquiring an additional 43,602 shares during the period. 98.34% of the stock is owned by institutional investors.

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.