What is William Blair’s Estimate for Portillo’s Q3 Earnings?

Portillo’s Inc. (NASDAQ:PTLO) – 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) 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.

Several other brokerages also recently issued reports on PTLO. Stifel Nicolaus reduced their price target on shares of Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Bank of America reduced their target price on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley dropped their price objective on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, Stephens lowered shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 target price on the stock. in a report on Monday, October 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.86.

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.