PTLO - This Restaurant IPO Stock Is 3 Times Better Than Chipotle In 1 Key Metric
2023-04-14 06:21:00 ET
Since going public in 2006, shares of restaurant company Chipotle Mexican Grill (NYSE: CMG) are up over 3,800%, making it one of the greatest restaurant stocks of all time. Since going public, Chipotle has opened many more restaurant locations, sales per location have soared, and profitability has consequently skyrocketed.
Investors shouldn't overlook Chipotle's annual sales per location, otherwise known as its "average unit volumes." Restaurants with high sales per location have a better chance at leveraging operating expenses to achieve better profitability than their peers.
This is why I've started to size up Chicago-based Portillo's (NASDAQ: PTLO) as a potential investment. It appears to have all of the ingredients of Chipotle's success, and its average unit volumes are approximately three times those of Chipotle.
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This Restaurant IPO Stock Is 3 Times Better Than Chipotle In 1 Key Metric