PTLO - Restaurant Chain Portillo's Poised To Attain 10X Unit Count In Next Decade & Expand Nationwide: Analyst | Benzinga
Stephens analyst Joshua Long initiated coverage on Portillo's Inc (NASDAQ: PTLO) with an Overweight rating and a price target of $20.
The analyst notes that the company generates industry-leading sales volumes early on its growth trajectory, with the potential to attain over 10 times its unit count in the coming decades.
PTLO's new stores are projected to generate a ~25% cash-on-cash return in year three on average unit sales ...