Portillo’s Inc. (NASDAQ:PTLO – Free Report) – Analysts at William Blair dropped their FY2023 earnings per share (EPS) estimates for shares of Portillo’s in a research note issued to investors on Thursday, September 21st. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.31 per share for the year, down from their prior forecast of $0.32. The consensus estimate for Portillo’s’ current full-year earnings is $0.30 per share.
Portillo’s (NASDAQ:PTLO – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Portillo’s had a net margin of 1.88% and a return on equity of 3.35%. The company had revenue of $169.18 million for the quarter, compared to analyst estimates of $169.59 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year.
View Our Latest Report on PTLO
Portillo’s Trading Down 1.1 %
NASDAQ:PTLO opened at $15.55 on Monday. Portillo’s has a 12-month low of $15.54 and a 12-month high of $25.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.51 and a quick ratio of 0.44. The business has a 50 day simple moving average of $19.30 and a 200 day simple moving average of $20.38. The firm has a market capitalization of $856.81 million, a P/E ratio of 67.61, a P/E/G ratio of 6.88 and a beta of 2.04.
Institutional Investors Weigh In On Portillo’s
A number of institutional investors and hedge funds have recently modified their holdings of PTLO. Raymond James & Associates raised its position in shares of Portillo’s by 41.0% during the first quarter. Raymond James & Associates now owns 45,306 shares of the company’s stock worth $1,113,000 after purchasing an additional 13,170 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Portillo’s by 57.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,964 shares of the company’s stock worth $834,000 after purchasing an additional 12,455 shares during the period. Bank of New York Mellon Corp raised its position in shares of Portillo’s by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 70,644 shares of the company’s stock worth $1,735,000 after purchasing an additional 3,511 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Portillo’s by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 37,552 shares of the company’s stock worth $922,000 after purchasing an additional 7,601 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of Portillo’s by 55.4% during the first quarter. MetLife Investment Management LLC now owns 14,070 shares of the company’s stock worth $346,000 after purchasing an additional 5,017 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.
Portillo’s Company Profile
Portillo's Inc owns and operates fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and milkshakes. The company also offers its products through its website.
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