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

Portillo’s Inc. (NASDAQ:PTLO) – William Blair dropped their Q1 2024 EPS estimates for Portillo’s in a report released on Wednesday, April 24th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.06 per share for the quarter, down from their prior 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.

PTLO has been the subject of several other research reports. Stephens began coverage on shares of Portillo’s in a research report on Friday, April 12th. They set an “overweight” rating and a $20.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.43.

Portillo’s Stock Performance

PTLO opened at $12.03 on Friday. The stock has a market capitalization of $877.83 million, a price-to-earnings ratio of 38.81, a PEG ratio of 1.57 and a beta of 1.85. The company has a fifty day moving average of $13.37 and a 200 day moving average of $14.39. Portillo’s has a fifty-two week low of $11.53 and a fifty-two week high of $23.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40.

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. The company had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $184.95 million. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. Portillo’s’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the company posted $0.08 earnings per share.

Institutional Investors Weigh In On Portillo’s

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $25,000 after acquiring an additional 1,493 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Portillo’s in the 3rd quarter worth about $35,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Portillo’s in the 3rd quarter worth about $49,000. Assetmark Inc. lifted its holdings in shares of Portillo’s by 28.6% in the 4th quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock worth $51,000 after acquiring an additional 717 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Portillo’s in the 4th quarter worth about $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.