FY2024 EPS Estimates for Portillo’s Decreased by Analyst

Portillo’s Inc. (NASDAQ:PTLO) – Research analysts at William Blair dropped their FY2024 earnings per share estimates for shares of Portillo’s in a report issued on Wednesday, January 8th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.30 per share for the year, down from their previous estimate of $0.31. The consensus estimate for Portillo’s’ current full-year earnings is $0.30 per share.

Several other analysts have also commented on PTLO. UBS Group decreased their price objective on Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Wednesday, November 6th. Finally, Stephens restated an “equal weight” rating and issued a $13.00 target price 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.57.

Portillo’s Stock Performance

Shares of PTLO opened at $9.93 on Friday. Portillo’s has a 12 month low of $8.38 and a 12 month high of $16.17. The stock has a fifty day moving average price of $10.47 and a 200-day moving average price of $11.15. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The firm has a market cap of $737.02 million, a PE ratio of 23.64, a P/E/G ratio of 10.96 and a beta of 1.72.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating 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 firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Portillo’s by 10.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock worth $24,086,000 after purchasing an additional 175,999 shares during the last quarter. Engaged Capital LLC lifted its holdings in Portillo’s by 38.7% in the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after acquiring an additional 770,443 shares during the last quarter. Barclays PLC lifted its holdings in Portillo’s by 55.6% in the third quarter. Barclays PLC now owns 117,430 shares of the company’s stock valued at $1,581,000 after acquiring an additional 41,944 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in Portillo’s in the third quarter valued at approximately $12,337,000. Finally, Rice Hall James & Associates LLC lifted its holdings in Portillo’s by 51.2% in the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company’s stock valued at $2,801,000 after acquiring an additional 70,409 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.