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

Portillo’s Inc. (NASDAQ:PTLO) – Research analysts at William Blair dropped their Q4 2024 earnings estimates for shares of Portillo’s in a research note issued to investors on Wednesday, November 6th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.01 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for Portillo’s’ current full-year earnings is $0.27 per share. William Blair also issued estimates for Portillo’s’ Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.33 EPS and FY2026 earnings at $0.47 EPS.

PTLO has been the subject of several other research reports. Bank of America lowered their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley dropped their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday. Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a report on Wednesday. Finally, UBS Group lifted their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.00.

Portillo’s Price Performance

NASDAQ:PTLO opened at $12.77 on Thursday. The firm’s fifty day moving average is $12.75 and its two-hundred day moving average is $11.26. The firm has a market cap of $931.89 million, a price-to-earnings ratio of 30.40, a PEG ratio of 17.75 and a beta of 1.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. Portillo’s has a one year low of $8.66 and a one year high of $16.92.

Portillo’s (NASDAQ:PTLO) last released 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 net margin of 3.30% and a return on equity of 5.08%. The business had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis.

Institutional Investors Weigh In On Portillo’s

A number of institutional investors have recently added to or reduced their stakes in PTLO. Wolff Wiese Magana LLC raised its position in Portillo’s by 2.5% during the third quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock worth $434,000 after acquiring an additional 781 shares during the period. Ascent Group LLC raised its position in shares of Portillo’s by 8.3% during the 1st quarter. Ascent Group LLC now owns 13,100 shares of the company’s stock worth $186,000 after purchasing an additional 1,000 shares during the last quarter. NBC Securities Inc. lifted 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 valued at $44,000 after buying an additional 1,000 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in Portillo’s by 7.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,592 shares of the company’s stock valued at $220,000 after buying an additional 1,555 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Portillo’s by 17.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,963 shares of the company’s stock worth $184,000 after buying an additional 1,917 shares during the last quarter. Institutional investors and hedge funds 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.