FY2024 EPS Estimates for Portillo's Boosted by William Blair

Portillo's Inc. (NASDAQ:PTLO - Free Report) - Equities researchers at William Blair increased their FY2024 earnings per share estimates for shares of Portillo's in a report released on Wednesday, November 6th. William Blair analyst S. Zackfia now expects that the company will earn $0.31 per share for the year, up from their previous forecast of $0.30. The consensus estimate for Portillo's' current full-year earnings is $0.28 per share.

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

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

Portillo's Price Performance

NASDAQ PTLO traded down $0.25 during mid-day trading on Friday, hitting $12.52. The stock had a trading volume of 1,247,527 shares, compared to its average volume of 1,041,573. The firm's 50 day moving average is $12.75 and its 200 day moving average is $11.26. Portillo's has a twelve month low of $8.66 and a twelve month high of $16.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.30. The stock has a market capitalization of $913.58 million, a price-to-earnings ratio of 30.07, a PEG ratio of 16.35 and a beta of 1.78.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in Portillo's by 10.4% during the first quarter. California State Teachers Retirement System now owns 54,329 shares of the company's stock worth $770,000 after purchasing an additional 5,120 shares in the last quarter. Engaged Capital LLC lifted its stake in Portillo's by 38.7% during the second quarter. Engaged Capital LLC now owns 2,760,443 shares of the company's stock worth $26,832,000 after purchasing an additional 770,443 shares in the last quarter. Swiss National Bank lifted its stake in Portillo's by 17.4% during the first quarter. Swiss National Bank now owns 108,400 shares of the company's stock worth $1,537,000 after purchasing an additional 16,100 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Portillo's by 51.2% during the third quarter. Rice Hall James & Associates LLC now owns 207,945 shares of the company's stock worth $2,801,000 after purchasing an additional 70,409 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Portillo's during the first quarter worth $188,000. 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.