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

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

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

Other equities analysts also recently issued research reports about the stock. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Portillo’s in a research report on Wednesday, November 6th. UBS Group dropped their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus downgraded shares of Portillo’s from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Portillo’s has a consensus rating of “Hold” and an average price target of $13.57.

Portillo’s Price Performance

Portillo’s stock opened at $9.20 on Thursday. The business has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $11.15. Portillo’s has a 12 month low of $8.38 and a 12 month high of $16.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. The stock has a market capitalization of $682.84 million, a PE ratio of 21.90, a price-to-earnings-growth ratio of 10.96 and a beta of 1.72.

Institutional Investors Weigh In On Portillo’s

Institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC increased its stake in shares of Portillo’s by 2.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 32,207 shares of the company’s stock worth $434,000 after purchasing an additional 781 shares in the last quarter. NBC Securities Inc. grew its holdings in Portillo’s by 43.5% during 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 during the last quarter. Select Equity Group L.P. increased its position in Portillo’s by 2.6% during the second quarter. Select Equity Group L.P. now owns 112,424 shares of the company’s stock worth $1,093,000 after buying an additional 2,897 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Portillo’s during the second quarter worth $29,000. Finally, Arizona State Retirement System raised its holdings in shares of Portillo’s by 24.9% in the second 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 last quarter. Hedge funds and other 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.