Portillo’s Inc. to Post Q1 2024 Earnings of $0.06 Per Share, William Blair Forecasts (NASDAQ:PTLO)

Portillo’s Inc. (NASDAQ:PTLO) – Equities research analysts at William Blair lowered their Q1 2024 earnings per share (EPS) estimates for Portillo’s in a report released on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.08. The consensus estimate for Portillo’s’ current full-year earnings is $0.40 per share. William Blair also issued estimates for Portillo’s’ Q2 2024 earnings at $0.15 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.07 EPS and FY2024 earnings at $0.39 EPS.

Portillo’s (NASDAQ:PTLO) last issued its earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The firm had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $184.95 million. During the same quarter last year, the business earned $0.08 earnings per share. The company’s revenue was up 24.5% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the company. Stephens began coverage on Portillo’s in a report on Friday, April 12th. They set an “overweight” rating and a $20.00 price objective on the stock. Morgan Stanley cut their price objective on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.43.

Portillo’s Price Performance

Shares of PTLO opened at $12.00 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.62. Portillo’s has a 1 year low of $11.53 and a 1 year high of $23.99. The stock has a market cap of $875.64 million, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.85. The stock’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $14.42.

Institutional Investors Weigh In On Portillo’s

Several institutional investors have recently bought and sold shares of PTLO. International Assets Investment Management LLC lifted its stake in Portillo’s by 1,493.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares in the last quarter. NBC Securities Inc. bought a new stake in Portillo’s in the 3rd quarter valued at approximately $35,000. DekaBank Deutsche Girozentrale bought a new stake in Portillo’s in the 3rd quarter valued at approximately $49,000. Assetmark Inc. lifted its stake in Portillo’s by 28.6% in the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock valued at $51,000 after acquiring an additional 717 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Portillo’s in the 4th quarter valued at approximately $71,000. Institutional investors own 98.34% of the company’s stock.

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.