PTLO - Could This Restaurant Stock Be the Next Chipotle?
There's no question that early investors in Chipotle Mexican Grill have been amply rewarded. Since the company's initial public offering (IPO) in early 2006, the stock has returned an incredible 6,000%, even after the bear market carnage of the past year. Chipotle was a pioneer in the fast-casual industry, bridging the gap between fast food and sit-down restaurants, offering value and quality while elevating the experience. As a result of the company's unbridled success, investors are always on the lookout for the "next" Chipotle.
With that in mind, Portillo's (NASDAQ: PTLO) may be worth a look. While investors may not yet be familiar with this regional fast-casual chain, it boasts many of the same attributes that helped make Chipotle a household name. Portillo's steady growth, loyal guests, and dedicated employees have put the company on the fast track to long-term success.
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Could This Restaurant Stock Be the Next Chipotle?