Portillo’s (NASDAQ:PTLO) Announces Earnings Results

Portillo’s (NASDAQ:PTLO) issued its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04, Briefing.com reports. Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The business had revenue of $178.25 million for the quarter, compared to analysts’ expectations of $182.07 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis.

Portillo’s Stock Performance

Shares of Portillo’s stock traded down $0.34 on Wednesday, reaching $13.15. 1,000,140 shares of the company were exchanged, compared to its average volume of 1,035,193. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. Portillo’s has a 1-year low of $8.66 and a 1-year high of $16.92. The company’s 50-day moving average is $12.72 and its two-hundred day moving average is $11.24. The firm has a market cap of $959.56 million, a price-to-earnings ratio of 34.95, a P/E/G ratio of 17.75 and a beta of 1.78.

Wall Street Analyst Weigh In

Several research analysts recently commented on PTLO shares. Stifel Nicolaus cut 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 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, July 16th. UBS Group increased their target price on Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America lowered their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Stephens restated an “equal weight” rating and set a $13.00 target price on shares of Portillo’s in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.