Portillos Inc (NASDAQ:PTLO) Expected to Post Quarterly Sales of $134.83 Million
Wall Street analysts expect Portillos Inc (NASDAQ:PTLO – Get Rating) to post sales of $134.83 million for the current quarter, Zacks reports. Four analysts provided earnings estimates for Portillos, with the lowest sales estimate at $131.91 million and the highest estimate at $136.50 million. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Portillos to record annual sales of $597.70 million for the current year, with estimates ranging from $589.33 million to $607.70 million. For the next fiscal year, analysts expect the company to post sales of $674.00 million, with estimates ranging from $661.07 million to $683.90 million. Zacks Investment Research sales averages are an average average based on a survey of analysts who provide coverage for Portillos.
Portillos (NASDAQ:PTLO – Get Rating) last released its results on Thursday, March 10. The company reported ($0.52) EPS for the quarter, missing analyst consensus estimates of ($0.42) by ($0.10). The company posted revenue of $138.91 million for the quarter, versus analyst estimates of $139.48 million. The company’s revenues increased by 17.2% compared to the same quarter last year.
Several analysts have weighed in on the company recently. Robert W. Baird lowered his target price on Portillos from $42.00 to $31.00 in a Friday, March 11 research note. Piper Sandler lowered her price target on Portillos from $55.00 to $28.00 and set an “overweight” rating for the company in a Friday, March 11 research note. Finally, Zacks Investment Research downgraded Portillos from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst rated the stock with a sell rating, three gave the company a hold rating and six gave the company a buy rating. According to MarketBeat, Portillos currently has a consensus rating of “Buy” and an average target price of $47.00.
Portillos stock opened at $22.60 on Friday. Portillos has a 12-month low of $21.38 and a 12-month high of $57.73. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt ratio of 0.75. The company’s fifty-day moving average price is $25.00.
Institutional investors have recently increased or reduced their stake in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in Portillos during the fourth quarter for $27,000. Country Trust Bank acquired a new stake in Portillos during the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC bought a new position in Portillos in the fourth quarter worth about $32,000. North Star Investment Management Corp. acquired a new position in Portillos in the fourth quarter valued at approximately $51,000. Finally, Rockefeller Capital Management LP bought a new position in Portillos stock during the fourth quarter valued at around $56,000. 13.98% of the shares are held by hedge funds and other institutional investors.
About Portillos (Get an assessment)
Portillo’s Inc offers a fast-casual restaurant concept known for its menu of Chicago-style dishes. Portillo’s Inc is based in CHICAGO.
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