What is William Blair’s Forecast for Portillo’s Q4 Earnings?

Portillo’s Inc. (NASDAQ:PTLO) – Analysts at William Blair reduced their Q4 2024 earnings per share estimates for Portillo’s in a report released on Wednesday, January 8th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.00 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.

PTLO has been the topic of a number of other reports. Stifel Nicolaus cut Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a research report on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research report on Wednesday, November 6th. Finally, UBS Group decreased their target price on Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.57.

Portillo’s Stock Up 7.9 %

PTLO stock opened at $9.93 on Thursday. Portillo’s has a twelve month low of $8.38 and a twelve month high of $16.17. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a market cap of $737.02 million, a P/E ratio of 23.64, a PEG ratio of 10.96 and a beta of 1.72. The business’s 50-day moving average price is $10.47 and its 200-day moving average price is $11.14.

Portillo’s (NASDAQ:PTLO) last announced its 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 business had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share.

Institutional Trading of Portillo’s

Large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in Portillo’s in the 2nd quarter worth approximately $29,000. NBC Securities Inc. increased its stake in Portillo’s by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock worth $44,000 after acquiring an additional 1,000 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Portillo’s in the 4th quarter worth approximately $47,000. AdvisorShares Investments LLC bought a new position in shares of Portillo’s during the 2nd quarter valued at approximately $52,000. Finally, nVerses Capital LLC bought a new position in shares of Portillo’s during the 3rd quarter valued at approximately $69,000. 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.