Portillo’s (NASDAQ:PTLO) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Portillo’s (NASDAQ:PTLO) announced its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01, Zacks reports. Portillo’s had a net margin of 3.65% and a return on equity of 5.62%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share.

Portillo’s Stock Down 3.8 %

PTLO traded down $0.40 during trading on Tuesday, reaching $10.01. 1,446,803 shares of the stock were exchanged, compared to its average volume of 1,405,228. The stock has a market cap of $746.40 million, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 14.77 and a beta of 1.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. The stock’s 50 day moving average price is $12.01 and its two-hundred day moving average price is $11.91. Portillo’s has a twelve month low of $8.38 and a twelve month high of $15.78.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stephens increased their price objective on shares of Portillo’s from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Baird R W cut Portillo’s from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Stifel Nicolaus increased their price objective on Portillo’s from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and issued a $12.00 target price (down previously from $15.00) on shares of Portillo’s in a research note on Monday, April 7th. Finally, UBS Group decreased their price target 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, January 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Portillo’s currently has a consensus rating of “Hold” and an average price target of $13.71.

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.