PTLO - Portillo's: Delicious Food Tasty Valuation

2024-03-22 05:15:41 ET

Summary

• Portillo’s has a long runway to keep expanding its restaurant base for the foreseeable future, aiming to reach 900 locations domestically.
• The company is at the beginning stages of expanding its operating and net income margins.
• The “Restaurant of the Future” concept will allow the company to expand and operate more efficiently going forward.
• Assuming a conservative future multiple, while simultaneously using the low end of management’s long-term guidance, PTLO stock remains undervalued.

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