Portillo’s (NASDAQ:PTLO) Announces Earnings Results

Portillo’s (NASDAQ:PTLO) released its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15, Briefing.com reports. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $184.61 million for the quarter, compared to analyst estimates of $185.16 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year.

Portillo’s Trading Down 0.9 %

PTLO stock opened at $13.57 on Tuesday. Portillo’s has a 52 week low of $8.38 and a 52 week high of $16.17. The company has a market capitalization of $1.01 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 14.77 and a beta of 1.82. The company’s 50-day simple moving average is $11.93 and its 200 day simple moving average is $12.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38.

Wall Street Analyst Weigh In

PTLO has been the topic of a number of research analyst reports. Stephens restated an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Wednesday, November 6th. UBS Group decreased their price objective 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 upgraded shares of Portillo’s from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $16.00 in a research note on Monday, January 27th. Finally, Morgan Stanley reduced their target price 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, January 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.