William Blair Weighs in on Portillo’s Inc.’s Q1 2024 Earnings (NASDAQ:PTLO)

Portillo’s Inc. (NASDAQ:PTLO) – Equities researchers at William Blair decreased their Q1 2024 earnings per share (EPS) estimates for Portillo’s in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.06 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Portillo’s’ current full-year earnings is $0.40 per share. William Blair also issued estimates for Portillo’s’ Q2 2024 earnings at $0.15 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.07 EPS and FY2024 earnings at $0.39 EPS.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The firm had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $184.95 million. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share.

A number of other analysts have also issued reports on the company. Stephens started coverage on Portillo’s in a research report on Friday, April 12th. They issued an “overweight” rating and a $20.00 target price on the stock. Morgan Stanley cut their target price on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

Portillo’s Stock Up 0.2 %

Shares of NASDAQ PTLO opened at $12.03 on Friday. The firm has a market cap of $877.83 million, a price-to-earnings ratio of 38.81, a PEG ratio of 1.57 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. Portillo’s has a 52-week low of $11.53 and a 52-week high of $23.99. The business’s 50 day moving average is $13.37 and its two-hundred day moving average is $14.39.

Institutional Trading of Portillo’s

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in shares of Portillo’s by 1,493.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,593 shares of the company’s stock worth $25,000 after acquiring an additional 1,493 shares during the period. NBC Securities Inc. purchased a new stake in shares of Portillo’s during the third quarter worth $35,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Portillo’s during the third quarter worth $49,000. Assetmark Inc. increased its position in shares of Portillo’s by 28.6% during the fourth quarter. Assetmark Inc. now owns 3,222 shares of the company’s stock worth $51,000 after acquiring an additional 717 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Portillo’s during the fourth quarter worth $71,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.