What is William Blair's Forecast for Portillo's Q4 Earnings?

Portillo's Inc. (NASDAQ:PTLO - Free Report) - Equities researchers at William Blair reduced their Q4 2024 earnings per share (EPS) estimates for Portillo's in a note issued to investors on Wednesday, January 8th. William Blair analyst S. Zackfia now anticipates that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Portillo's' current full-year earnings is $0.30 per share.

Other equities analysts have also recently issued research reports about the stock. Stephens reiterated an "equal weight" rating and set a $13.00 price target on shares of Portillo's in a research note on Wednesday, November 6th. Stifel Nicolaus lowered Portillo's from a "buy" rating to a "hold" rating and set a $13.00 target price on the stock. in a report on Wednesday, November 6th. Finally, UBS Group decreased their price target on Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.57.

Portillo's Stock Down 5.1 %

Shares of NASDAQ PTLO traded down $0.49 during mid-day trading on Thursday, reaching $9.20. 1,945,382 shares of the company's stock traded hands, compared to its average volume of 1,434,216. 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 business has a 50-day simple moving average of $10.62 and a 200 day simple moving average of $11.15. The stock has a market cap of $682.84 million, a P/E ratio of 21.90, a PEG ratio of 10.96 and a beta of 1.72. Portillo's has a 1-year low of $8.38 and a 1-year high of $16.17.

Portillo's (NASDAQ:PTLO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $178.25 million for the quarter, compared to analysts' expectations of $182.07 million. During the same period last year, the business earned $0.07 EPS. Portillo's's quarterly revenue was up 6.9% compared to the same quarter last year.

Institutional Trading of Portillo's

Institutional investors and hedge funds have recently modified their holdings of the business. Engaged Capital LLC grew its stake in Portillo's by 121.5% in the 3rd quarter. Engaged Capital LLC now owns 6,114,956 shares of the company's stock valued at $82,368,000 after purchasing an additional 3,354,513 shares during the period. Hodges Capital Management Inc. purchased a new stake in Portillo's during the third quarter worth about $12,337,000. Squarepoint Ops LLC increased its holdings in Portillo's by 307.9% during the second quarter. Squarepoint Ops LLC now owns 522,580 shares of the company's stock worth $5,079,000 after buying an additional 394,479 shares during the last quarter. Millennium Management LLC raised its position in Portillo's by 499.4% in the second quarter. Millennium Management LLC now owns 392,167 shares of the company's stock worth $3,812,000 after acquiring an additional 326,743 shares during the period. Finally, Emerald Advisers LLC boosted its stake in Portillo's by 29.4% in the third quarter. Emerald Advisers LLC now owns 1,272,214 shares of the company's stock valued at $17,137,000 after acquiring an additional 288,675 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other 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.