Portillo’s (NASDAQ:PTLO) Issues Earnings Results

Portillo’s (NASDAQ:PTLO) announced its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15, Briefing.com reports. The firm had revenue of $184.61 million during the quarter, compared to analysts’ expectations of $185.16 million. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS.

Portillo’s Trading Down 0.9 %

Shares of Portillo’s stock opened at $13.57 on Tuesday. The firm’s 50 day moving average is $11.93 and its 200 day moving average is $12.02. The firm has a market capitalization of $1.01 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. Portillo’s has a 1 year low of $8.38 and a 1 year high of $16.17. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

A number of research analysts recently commented on PTLO shares. Stifel Nicolaus raised Portillo’s from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $16.00 in a research note on Monday, January 27th. UBS Group dropped their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley cut their price target 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, January 21st. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Portillo’s presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.