FY2024 EPS Estimates for Portillo's Boosted by William Blair

Portillo's Inc. (NASDAQ:PTLO - Free Report) - Investment analysts at William Blair boosted their FY2024 earnings per share estimates for shares of Portillo's in a report released on Monday, January 13th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.38 for the year, up from their prior estimate of $0.30. The consensus estimate for Portillo's' current full-year earnings is $0.30 per share. William Blair also issued estimates for Portillo's' Q4 2024 earnings at $0.08 EPS.

Portillo's (NASDAQ:PTLO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. During the same period in the previous year, the company posted $0.07 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year.

PTLO has been the topic of several other reports. UBS Group decreased their price target on shares of Portillo's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus lowered Portillo's from a "buy" rating to a "hold" rating and set a $13.00 price objective for the company. in a research note on Wednesday, November 6th. Finally, Stephens reiterated an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.57.

Portillo's Stock Performance

Shares of PTLO traded down $0.29 on Thursday, reaching $11.73. The company's stock had a trading volume of 2,398,798 shares, compared to its average volume of 2,050,260. The stock's 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $11.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market capitalization of $870.60 million, a P/E ratio of 27.93, a PEG ratio of 10.75 and a beta of 1.72. Portillo's has a 12-month low of $8.38 and a 12-month high of $16.17.

Institutional Investors Weigh In On Portillo's

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in shares of Portillo's in the second quarter worth about $29,000. NBC Securities Inc. lifted its holdings in Portillo's by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. Ridgewood Investments LLC purchased a new position in Portillo's in the 4th quarter worth approximately $47,000. nVerses Capital LLC bought a new position in Portillo's in the 3rd quarter worth approximately $69,000. Finally, Arizona State Retirement System grew its holdings in Portillo's by 24.9% during the 2nd quarter. Arizona State Retirement System now owns 16,354 shares of the company's stock valued at $159,000 after buying an additional 3,261 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

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.