Portillo's (NASDAQ:PTLO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Portillo's (NASDAQ:PTLO - Get Free Report) issued its earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01, Zacks reports. The business had revenue of $176.44 million for the quarter, compared to analyst estimates of $180.76 million. Portillo's had a net margin of 3.65% and a return on equity of 5.62%. Portillo's's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share.

Portillo's Trading Down 1.6 %

NASDAQ PTLO traded down $0.18 during trading on Friday, hitting $11.24. 1,983,599 shares of the company's stock traded hands, compared to its average volume of 1,397,738. The firm has a market cap of $838.54 million, a P/E ratio of 26.76, a PEG ratio of 14.77 and a beta of 1.83. The stock has a fifty day moving average of $11.78 and a two-hundred day moving average of $11.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.38 and a quick ratio of 0.31. Portillo's has a 12-month low of $8.38 and a 12-month high of $15.78.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley set a $12.00 price objective on shares of Portillo's in a research report on Monday, April 14th. Baird R W cut Portillo's from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stephens reiterated an "equal weight" rating and set a $13.00 target price on shares of Portillo's in a research report on Wednesday. Piper Sandler cut their price objective on shares of Portillo's from $17.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Robert W. Baird restated a "neutral" rating and set a $12.00 target price (down previously from $15.00) on shares of Portillo's in a research report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.71.

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.