PTLO - Portillo's: Solid Long-Term Thesis Remains Intact On Strong Fourth Quarter Sales Growth
- F4Q2021 revenues of ~$139 million missed analysts estimates by ~$0.57 million.
- Loss per share of $0.52 was below consensus projections by $0.04.
- The company opened restaurants in two new states during the quarter.
- We are maintaining our 1-year Price Target of $30/share. Reiterate Buy Rating.
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Portillo's: Solid Long-Term Thesis Remains Intact On Strong Fourth Quarter Sales Growth