William Blair Brokers Lift Earnings Estimates for Portillo’s

Portillo’s Inc. (NASDAQ:PTLO) – William Blair lifted their FY2024 EPS estimates for Portillo’s in a research report issued on Wednesday, November 6th. William Blair analyst S. Zackfia now anticipates that the company will earn $0.31 per share for the year, up from their previous estimate of $0.30. The consensus estimate for Portillo’s’ current full-year earnings is $0.28 per share.

Several other research analysts also recently weighed in on the company. Bank of America cut their price target on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. 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 lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Wednesday. Morgan Stanley cut their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. 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 research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Portillo’s currently has an average rating of “Hold” and a consensus price target of $14.00.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $12.52 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $12.76 and a two-hundred day simple moving average of $11.26. Portillo’s has a 1-year low of $8.66 and a 1-year high of $16.92. The firm has a market cap of $913.58 million, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 16.35 and a beta of 1.78.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS.

Institutional Trading of Portillo’s

Several institutional investors and hedge funds have recently bought and sold shares of PTLO. Point72 DIFC Ltd bought a new position in shares of Portillo’s in the second quarter worth $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. AdvisorShares Investments LLC bought a new position in Portillo’s in the 2nd quarter worth about $52,000. nVerses Capital LLC purchased a new stake in shares of Portillo’s in the 3rd quarter valued at about $69,000. Finally, Fifth Third Bancorp boosted its position in shares of Portillo’s by 283.0% during the 2nd quarter. Fifth Third Bancorp now owns 13,100 shares of the company’s stock valued at $127,000 after acquiring an additional 9,680 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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.