Portillo’s Inc. (NASDAQ:PTLO – Free Report) – Investment analysts at William Blair dropped their Q3 2024 earnings per share (EPS) estimates for Portillo’s in a research note issued to investors on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.09. The consensus estimate for Portillo’s’ current full-year earnings is $0.29 per share. William Blair also issued estimates for Portillo’s’ Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.30 EPS and FY2025 earnings at $0.36 EPS.
Portillo’s (NASDAQ:PTLO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share.
Check Out Our Latest Stock Analysis on Portillo’s
Portillo’s Stock Up 0.1 %
NASDAQ PTLO opened at $12.89 on Monday. The stock’s 50 day simple moving average is $12.57 and its 200 day simple moving average is $11.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30. Portillo’s has a one year low of $8.66 and a one year high of $16.98. The firm has a market cap of $940.65 million, a PE ratio of 32.23, a price-to-earnings-growth ratio of 14.85 and a beta of 1.78.
Hedge Funds Weigh In On Portillo’s
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Portillo’s during the third quarter valued at about $3,165,000. nVerses Capital LLC bought a new position in Portillo’s during the third quarter worth $69,000. Wolff Wiese Magana LLC grew its holdings in Portillo’s by 2.5% in the third quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock worth $434,000 after purchasing an additional 781 shares during the period. NBC Securities Inc. increased its stake in Portillo’s by 43.5% in the third quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Portillo’s during the second quarter valued at about $29,000. 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.
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