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

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

Portillo’s Price Performance

Shares of PTLO stock traded down $0.34 during trading hours on Wednesday, reaching $13.15. The company had a trading volume of 1,000,140 shares, compared to its average volume of 1,035,193. Portillo’s has a 12-month low of $8.66 and a 12-month high of $16.92. The company has a market capitalization of $959.56 million, a price-to-earnings ratio of 34.95, a PEG 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 stock has a fifty day moving average of $12.72 and a 200-day moving average of $11.24.

Wall Street Analyst Weigh In

PTLO has been the topic of a number of research reports. Morgan Stanley reduced 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. Stifel Nicolaus lowered shares of 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. UBS Group increased their target price on Portillo’s from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday. Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research report on Wednesday. Finally, Bank of America decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.