Portillo’s (NASDAQ:PTLO) Announces Earnings Results, Beats Estimates By $0.05 EPS

Portillo’s (NASDAQ:PTLO) posted its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05, Briefing.com reports. The business had revenue of $178.25 million during the quarter, compared to the consensus estimate of $182.07 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. Portillo’s’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share.

Portillo’s Trading Down 2.8 %

PTLO stock traded down $0.37 during trading on Thursday, hitting $12.77. The company had a trading volume of 1,769,858 shares, compared to its average volume of 1,040,614. The business has a 50-day moving average of $12.75 and a 200-day moving average of $11.26. Portillo’s has a one year low of $8.66 and a one year high of $16.92. The stock has a market cap of $931.89 million, a PE ratio of 30.40, a PEG ratio of 17.75 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

Several research analysts have commented on PTLO shares. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Wednesday. Morgan Stanley lowered their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Bank of America lowered their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stephens reissued an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a research note on Wednesday. Finally, UBS Group boosted their price target on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Portillo’s presently has an average rating of “Hold” and a consensus target price of $14.00.

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.