Portillo's (NASDAQ:PTLO - Get Free Report) released its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01, Zacks reports. The firm had revenue of $176.44 million during the quarter, compared to the consensus estimate of $180.76 million. Portillo's had a return on equity of 5.62% and a net margin of 3.65%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS.
Portillo's Trading Down 1.6 %
NASDAQ:PTLO traded down $0.18 on Friday, reaching $11.24. The stock had a trading volume of 1,983,599 shares, compared to its average volume of 1,392,756. The company has a market cap of $838.54 million, a price-to-earnings ratio of 26.76, a P/E/G ratio of 14.77 and a beta of 1.83. The firm's fifty day moving average is $11.78 and its two-hundred day moving average is $11.88. Portillo's has a 12-month low of $8.38 and a 12-month high of $15.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday. Baird R W downgraded Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Morgan Stanley set a $12.00 price objective on Portillo's in a research note on Monday, April 14th. Stephens reaffirmed an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research note on Wednesday. Finally, Stifel Nicolaus boosted their price objective on shares of Portillo's from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $13.71.
Read Our Latest Stock Report on Portillo's
About Portillo's
(
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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.
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