When I was doing bodybuilding, I had 5 meals a day. If you try to smash all your protein together, it's going to be too much all at once to handle. If you're just trying to lose and not sculpt, 1 meal a day can work, but you have to be careful that you get sufficient protein for the reasons Buttworldsman listed.
As always, if something ends up working for you, do that.
@ButtWorldsMan Not everyone wants maximum efficiency.
@DoubleD That's fine, but results are objective.