Portillo’s (NASDAQ:PTLO) Releases Earnings Results, Beats Expectations By $0.05 EPS

Portillo’s (NASDAQ:PTLO) released its earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05, Briefing.com reports. The company had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. Portillo’s’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS.

Portillo’s Price Performance

Shares of PTLO opened at $12.77 on Friday. The business has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $11.26. Portillo’s has a 12-month low of $8.66 and a 12-month high of $16.92. The stock has a market cap of $931.89 million, a PE ratio of 30.40, a PEG ratio of 17.75 and a beta of 1.78. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

PTLO has been the topic of several recent analyst reports. Bank of America decreased their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Morgan Stanley decreased 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 restated an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note on Wednesday. Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research note on Wednesday. Finally, UBS Group upped their price objective on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.00.

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.