Portillo's (NASDAQ:PTLO) Announces Quarterly Earnings Results, Hits Estimates

Key Points

• Portillo's reported quarterly earnings of $0.12 per share, matching analysts' expectations, with a year-over-year revenue increase of 3.6%.
• The company's stocks traded down to $7.58, significantly below the 50-day moving average of $11.38, indicating ongoing volatility.
• Insider trading activity included the sale of 10,000,000 shares by Berkshire Partners, totaling $122.3 million, indicating potential strategic shifts in ownership.

Portillo's (NASDAQ:PTLO - Get Free Report) announced its earnings results on Tuesday. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12, Briefing.com reports. Portillo's had a return on equity of 5.87% and a net margin of 3.92%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. Portillo's updated its FY 2025 guidance to EPS.

Portillo's Stock Performance

Shares of NASDAQ PTLO traded down $1.92 during midday trading on Tuesday, reaching $7.58. 8,769,511 shares of the company were exchanged, compared to its average volume of 1,961,104. The stock has a fifty day simple moving average of $11.38 and a 200 day simple moving average of $12.18. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. The stock has a market cap of $566.76 million, a P/E ratio of 17.67, a PEG ratio of 6.05 and a beta of 1.81. Portillo's has a 1 year low of $7.53 and a 1 year high of $15.78.

Insiders Place Their Bets

In other Portillo's news, Director Berkshire Partners Llc sold 10,000,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $12.23, for a total transaction of $122,300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.14% of the company's stock.

Institutional Investors Weigh In On Portillo's

A number of hedge funds have recently added to or reduced their stakes in PTLO. Royal Bank of Canada increased its holdings in Portillo's by 731.1% in the first quarter. Royal Bank of Canada now owns 156,710 shares of the company's stock valued at $1,864,000 after buying an additional 137,854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Portillo's by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company's stock worth $387,000 after purchasing an additional 1,808 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Portillo's during the first quarter worth $318,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PTLO shares. Guggenheim cut their target price on shares of Portillo's from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Bank of America lowered their target price on Portillo's from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Morgan Stanley set a $12.00 price objective on Portillo's in a research report on Monday, April 14th. Baird R W cut shares of Portillo's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Stephens reaffirmed an "equal weight" rating and set a $13.00 price objective on shares of Portillo's in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Portillo's has an average rating of "Moderate Buy" and a consensus price target of $14.00.

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.

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