FY2024 EPS Estimates for Portillo's Reduced by William Blair

Portillo's Inc. (NASDAQ:PTLO - Free Report) - Research analysts at William Blair reduced their FY2024 earnings per share estimates for Portillo's in a report released on Wednesday, January 8th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.30 per share for the year, down from their prior forecast of $0.31. The consensus estimate for Portillo's' current full-year earnings is $0.30 per share.

A number of other equities research analysts have also recently weighed in on PTLO. Stephens reaffirmed an "equal weight" rating and issued a $13.00 price objective on shares of Portillo's in a research note on Wednesday, November 6th. Stifel Nicolaus cut 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, UBS Group dropped their price objective on Portillo's from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.57.

Portillo's Trading Up 7.9 %

NASDAQ:PTLO traded up $0.73 on Friday, reaching $9.93. The company's stock had a trading volume of 2,563,137 shares, compared to its average volume of 1,622,479. Portillo's has a 12-month low of $8.38 and a 12-month high of $16.17. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $10.47 and a 200 day moving average price of $11.14. The firm has a market cap of $737.02 million, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 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 company had revenue of $178.25 million for the quarter, compared to the consensus estimate of $182.07 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in shares of Portillo's during the 2nd quarter worth about $29,000. NBC Securities Inc. boosted its position in shares of Portillo's by 43.5% during the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company's stock worth $44,000 after acquiring an additional 1,000 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Portillo's during the 4th quarter worth about $47,000. nVerses Capital LLC acquired a new position in shares of Portillo's during the 3rd quarter worth about $69,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Portillo's during the 2nd quarter worth about $52,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.