Portillo’s (NASDAQ:PTLO) Posts Earnings Results, Beats Expectations By $0.04 EPS

Portillo’s (NASDAQ:PTLO) posted its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04, Briefing.com reports. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The company had revenue of $178.25 million during the quarter, compared to analyst estimates of $182.07 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis.

Portillo’s Trading Down 2.5 %

Shares of NASDAQ PTLO traded down $0.34 during trading hours on Wednesday, hitting $13.15. The company’s stock had a trading volume of 700,891 shares, compared to its average volume of 1,033,801. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.92. The stock 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. 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 business has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $11.24.

Analyst Upgrades and Downgrades

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