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

Portillo's Inc. (NASDAQ:PTLO - Free Report) - Stock analysts at William Blair dropped their Q4 2024 earnings per share (EPS) estimates for Portillo's in a research report issued to clients and investors on Wednesday, November 6th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Portillo's' current full-year earnings is $0.27 per share. William Blair also issued estimates for Portillo's' Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.33 EPS and FY2026 earnings at $0.47 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 for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. Portillo's had a return on equity of 5.08% and a net margin of 3.30%. The firm's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share.

Several other research firms have also commented on PTLO. Stifel Nicolaus lowered shares of Portillo's from a "buy" rating to a "hold" rating and set a $13.00 price objective on the stock. in a research note on Wednesday. Bank of America dropped their price target on Portillo's from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. UBS Group raised their price objective on Portillo's from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Wednesday. Morgan Stanley dropped their target price on Portillo's from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 16th. Finally, Stephens reissued an "equal weight" rating and issued a $13.00 target price on shares of Portillo's in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.00.

Portillo's Stock Down 2.8 %

Shares of PTLO stock traded down $0.37 during mid-day trading on Thursday, reaching $12.77. 1,769,858 shares of the company's stock traded hands, compared to its average volume of 1,040,614. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $12.75 and its 200-day moving average price is $11.26. The company has a market cap of $931.89 million, a P/E ratio of 30.40, a P/E/G ratio of 17.75 and a beta of 1.78. Portillo's has a 12 month low of $8.66 and a 12 month high of $16.92.

Institutional Investors Weigh In On Portillo's

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in shares of Portillo's by 23.9% during the 3rd quarter. Victory Capital Management Inc. now owns 78,766 shares of the company's stock worth $1,061,000 after purchasing an additional 15,175 shares during the period. GSA Capital Partners LLP boosted its position in shares of Portillo's by 38.6% during the third quarter. GSA Capital Partners LLP now owns 95,060 shares of the company's stock valued at $1,280,000 after buying an additional 26,465 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of Portillo's by 23.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 40,994 shares of the company's stock valued at $552,000 after buying an additional 7,852 shares during the period. TFB Advisors LLC grew its stake in shares of Portillo's by 14.7% during the third quarter. TFB Advisors LLC now owns 27,585 shares of the company's stock valued at $372,000 after buying an additional 3,542 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of Portillo's by 0.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 715,345 shares of the company's stock worth $9,636,000 after buying an additional 4,425 shares during the period. 98.34% of the stock is owned by institutional investors.

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.