Portillo’s (NASDAQ:PTLO) Posts Earnings Results, Beats Expectations By $0.05 EPS

Portillo’s (NASDAQ:PTLO) released its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05, Briefing.com reports. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The business had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period last year, the company posted $0.07 EPS. The company’s revenue was up 6.9% compared to the same quarter last year.

Portillo’s Stock Down 2.6 %

Shares of NASDAQ PTLO opened at $13.14 on Thursday. Portillo’s has a 52-week low of $8.66 and a 52-week high of $16.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 0.38. The stock has a market cap of $958.83 million, a P/E ratio of 34.58, a P/E/G ratio of 17.75 and a beta of 1.78. The firm has a 50 day moving average price of $12.74 and a 200 day moving average price of $11.25.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PTLO shares. Stephens reaffirmed an “equal weight” rating and issued a $13.00 price target on shares of Portillo’s in a research note on Wednesday. Morgan Stanley lowered their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. UBS Group increased their price target on shares of Portillo’s from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America dropped their price objective on Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus lowered shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.