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

Portillo’s (NASDAQ:PTLO) released its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03, Briefing.com reports. The business had revenue of $165.83 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS.

Portillo’s Trading Down 0.1 %

Shares of PTLO opened at $10.60 on Wednesday. Portillo’s has a twelve month low of $10.33 and a twelve month high of $23.99. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $14.25. The company has a market cap of $773.48 million, a P/E ratio of 34.23, a P/E/G ratio of 1.56 and a beta of 1.86.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Portillo’s from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Stephens restated an “overweight” rating and issued a $20.00 target price on shares of Portillo’s in a report on Tuesday. Finally, Morgan Stanley lowered their price target on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th.

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.