Streetbeat News

PTLO

Portillo's Inc.

https://www.portillos.com

Industry

Restaurants

Portillo's Inc., together with its subsidiaries, engages in the ownership and operation of fast casual and quick service 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 shakes. As of March 10, 2022, it operated in 70 locations across nine states. The company also offers its products through its website. Portillo's Inc. was founded in 1963 and is based in Oak Brook, Illinois.

Open

9.90

Mkt cap

595M

Volume

1.6M

High

9.98

P/E Ratio

22.62

52-wk high

16.92

Low

9.49

Div yield

N/A

52-wk low

8.66

Portillo's, a fast-casual restaurant chain, is expanding rapidly despite declining comparable sales. The company aims to grow from 90 to 920 locations, focusing on the Sunbelt region. The stock has dropped 40.3% YTD, presenting a potential buying opportunity under $10, with an upside to $12.

Portfolio Pulse from

December 16, 2024 | 8:30 am

The options market is indicating potential significant movements in Portillo's (PTLO) stock, suggesting investors should monitor it closely.

Portfolio Pulse from

December 06, 2024 | 3:15 pm

Portillo's has appointed Tony Darden as Chief Operating Officer to support its national growth. Darden brings over 30 years of experience in the restaurant industry.

Portfolio Pulse from

December 02, 2024 | 9:30 pm

Portillo's Inc. announced that its CEO and CFO will participate in three upcoming investor conferences. This engagement may provide insights into the company's strategy and performance.

Portfolio Pulse from

November 22, 2024 | 11:15 pm

Portillo's Inc. (PTLO) held its Q3 2024 earnings call, discussing financial performance and future outlook. Key participants included executives and analysts from major financial institutions.

Portfolio Pulse from

November 05, 2024 | 6:00 pm

Portillo's Inc. (PTLO) reported Q3 earnings of $0.11 per share, surpassing the Zacks Consensus Estimate of $0.07 per share, and improving from $0.07 per share a year ago.

Portfolio Pulse from

November 05, 2024 | 3:30 pm

The article reports on the after-market movements of several consumer discretionary stocks. Notable gainers include Jeffs Brands, Tapestry, Deckers Outdoor, Skechers USA, Betterware de Mexico, and J-Long Group. Significant losers include Capri Holdings, Coursera, Lixiang Education, Mohawk Industries, Twin Vee PowerCats, and Portillos.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:31 pm

Analysts have mixed ratings for Portillos (NASDAQ:PTLO), with recent price targets averaging $13.8, down from $15.20. Some analysts have lowered their ratings, reflecting cautious sentiment. Despite strong revenue growth and net margins, Portillos faces challenges with ROE and industry comparisons.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:00 pm

Stephens & Co. analyst Jim Salera has downgraded Portillos (NASDAQ:PTLO) from Overweight to Equal-Weight, indicating a more neutral stance on the stock.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:43 pm

Traders are circulating comments from an M&A blog suggesting that private equity firms might be interested in acquiring Portillo's. This speculation could impact Portillo's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:26 pm

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