What is William Blair’s Estimate for Portillo’s Q4 Earnings?

Portillo’s Inc. (NASDAQ:PTLO) – Investment analysts at William Blair lowered their Q4 2024 EPS estimates for shares of Portillo’s in a research note issued on Wednesday, January 8th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. The consensus estimate for Portillo’s’ current full-year earnings is $0.30 per share.

PTLO has been the subject of several other research reports. UBS Group lowered their target price on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lowered Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.57.

Portillo’s Price Performance

Shares of NASDAQ PTLO opened at $9.20 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $682.84 million, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72. Portillo’s has a twelve month low of $8.38 and a twelve month high of $16.17. The business has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $11.15.

Portillo’s (NASDAQ:PTLO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Portillo’s had a return on equity of 5.62% and a net margin of 3.65%. The firm had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same period in the previous year, the company earned $0.07 earnings per share. Portillo’s’s quarterly revenue was up 6.9% on a year-over-year basis.

Institutional Trading of Portillo’s

Several hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in shares of Portillo’s during the second quarter valued at $29,000. NBC Securities Inc. grew its position in Portillo’s by 43.5% in the 3rd quarter. NBC Securities Inc. now owns 3,300 shares of the company’s stock valued at $44,000 after buying an additional 1,000 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in Portillo’s during the 2nd quarter valued at about $52,000. nVerses Capital LLC bought a new stake in shares of Portillo’s during the 3rd quarter worth about $69,000. Finally, Arizona State Retirement System lifted its stake in shares of Portillo’s by 24.9% in the 2nd quarter. Arizona State Retirement System now owns 16,354 shares of the company’s stock worth $159,000 after acquiring an additional 3,261 shares during the period. Institutional investors own 98.34% of the company’s stock.

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.