Portillo’s (NASDAQ:PTLO) Releases Earnings Results, Beats Expectations By $0.03 EPS

Portillo’s (NASDAQ:PTLO) announced its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03, Briefing.com reports. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The firm had revenue of $165.83 million during the quarter, compared to analyst estimates of $174.90 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Portillo’s’s quarterly revenue was up 6.3% on a year-over-year basis.

Portillo’s Trading Down 0.6 %

NASDAQ PTLO traded down $0.06 during trading hours on Thursday, reaching $10.29. The company had a trading volume of 729,513 shares, compared to its average volume of 965,427. The stock has a 50-day moving average of $12.98 and a 200 day moving average of $14.22. Portillo’s has a 1-year low of $10.12 and a 1-year high of $23.99. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $750.86 million, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86.

Analysts Set New Price Targets

PTLO has been the subject of a number of analyst reports. Morgan Stanley dropped their price objective on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. UBS Group dropped their price objective on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Portillo’s in a report on Tuesday. Finally, Robert W. Baird dropped their price objective on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Portillo’s presently has an average rating of “Moderate Buy” and an average price target of $18.17.

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.