Portillo’s (NASDAQ:PTLO) Announces Quarterly Earnings Results

Portillo’s (NASDAQ:PTLO) released its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $178.25 million for the quarter, compared to analyst estimates of $182.07 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue was up 6.9% on a year-over-year basis.

Portillo’s Price Performance

PTLO stock opened at $12.77 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30. The company’s 50-day moving average is $12.75 and its 200-day moving average is $11.26. The stock has a market capitalization of $931.89 million, a PE ratio of 30.40, a price-to-earnings-growth ratio of 17.75 and a beta of 1.78. Portillo’s has a 1 year low of $8.66 and a 1 year high of $16.92.

Analyst Ratings Changes

PTLO has been the topic of several analyst reports. Morgan Stanley reduced their target price on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Bank of America decreased their price objective on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. UBS Group boosted their target price on shares of Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus downgraded Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Wednesday. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price objective on shares of Portillo’s in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.