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

Portillo’s (NASDAQ:PTLO) posted its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $174.90 million. During the same period in the previous year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis.

Portillo’s Stock Performance

Shares of NASDAQ PTLO traded down $0.18 during midday trading on Wednesday, reaching $10.43. 901,549 shares of the stock were exchanged, compared to its average volume of 949,927. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $13.08 and a two-hundred day simple moving average of $14.25. Portillo’s has a twelve month low of $10.27 and a twelve month high of $23.99. The firm has a market cap of $761.08 million, a price-to-earnings ratio of 34.06, a PEG ratio of 1.56 and a beta of 1.86.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PTLO. Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of Portillo’s in a research note on Tuesday. UBS Group dropped their price target on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Finally, Robert W. Baird dropped their price target on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.