Portillo’s (NASDAQ:PTLO) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Portillo’s (NASDAQ:PTLO) issued its earnings results on Tuesday. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03, Briefing.com reports. The business had revenue of $165.83 million during the quarter, compared to analyst estimates of $174.90 million. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS.

Portillo’s Stock Down 2.9 %

Shares of NASDAQ PTLO opened at $10.05 on Friday. The business’s fifty day moving average price is $12.89 and its 200-day moving average price is $14.20. Portillo’s has a one year low of $10.02 and a one year high of $23.99. The stock has a market capitalization of $733.35 million, a PE ratio of 32.42, a P/E/G ratio of 1.56 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.40 and a quick ratio of 0.32.

Wall Street Analysts Forecast Growth

PTLO has been the topic of a number of recent research reports. Robert W. Baird cut their target price on Portillo’s from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday. Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of Portillo’s in a research report on Tuesday. UBS Group cut their price target on shares of Portillo’s from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Morgan Stanley dropped their price target on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.17.

About Portillo’s

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.