FY2024 EPS Estimates for Portillo’s Lifted by William Blair

Portillo’s Inc. (NASDAQ:PTLO) – Equities researchers at William Blair increased their FY2024 earnings estimates for Portillo’s in a research report issued to clients and investors on Monday, January 13th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.38 for the year, up from their previous estimate of $0.30. The consensus estimate for Portillo’s’ current full-year earnings is $0.30 per share. William Blair also issued estimates for Portillo’s’ Q4 2024 earnings at $0.08 EPS.

A number of other analysts have also recently weighed in on PTLO. UBS Group dropped their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. 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, November 6th. Finally, Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Portillo’s presently has an average rating of “Hold” and a consensus target price of $13.57.

Portillo’s Stock Performance

Shares of PTLO opened at $12.02 on Thursday. The stock has a market capitalization of $892.12 million, a PE ratio of 28.62, a price-to-earnings-growth ratio of 10.75 and a beta of 1.72. The business’s fifty day moving average price is $10.34 and its 200 day moving average price is $11.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo’s has a 12-month low of $8.38 and a 12-month high of $16.17.

Portillo’s (NASDAQ:PTLO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 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 the consensus estimate of $182.07 million. During the same quarter last year, the business posted $0.07 EPS. Portillo’s’s quarterly revenue was up 6.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PTLO. Principal Financial Group Inc. raised its holdings in shares of Portillo’s by 10.9% during the third quarter. Principal Financial Group Inc. now owns 1,788,113 shares of the company’s stock valued at $24,086,000 after buying an additional 175,999 shares during the last quarter. Engaged Capital LLC raised its stake in Portillo’s by 38.7% during the 2nd quarter. Engaged Capital LLC now owns 2,760,443 shares of the company’s stock valued at $26,832,000 after acquiring an additional 770,443 shares in the last quarter. Barclays PLC raised its stake in Portillo’s by 55.6% during the 3rd quarter. Barclays PLC now owns 117,430 shares of the company’s stock valued at $1,581,000 after acquiring an additional 41,944 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in Portillo’s during the 3rd quarter worth $12,337,000. Finally, Rice Hall James & Associates LLC grew its stake in shares of Portillo’s by 51.2% in 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. 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.