PTLO News and Press, Portillo's Inc. From 11/02/22

Portillo’s ( NASDAQ: PTLO ) is scheduled to announce Q3 earnings results on Thursday, November 3rd, before market open. The consensus EPS Estimate is $0.02 and the consensus Revenue Estimate is $149.25M (+8.2% Y/Y). Over the last 3 months, EPS estimates have see...

Summary Portillo's is down 44% year-to-date, making it one of the worst-performing restaurant stocks this year. While the company had decent Q2 sales performance considering the headwinds, margins underperformed and will remain under pressure while traffic is stunted industry-wide...

Summary PTLO is still a relatively small brand in the US fast-food industry, which means it has a long runway of growth ahead. PTLO has an omnichannel sales strategy that well positions itself for growth. PTLO meals are relatively cheap compared to restaurants, which makes the...

OAK BROOK, Ill., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it will be reporting third quarter 2022 financial results on N...

OAK BROOK, Ill., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the partial exercise of the underwriters’ over-allotment op...

Summary Portillo's Inc. is a nascent public company renowned for its Chicago-style hot dogs and sandwiches as a chain with 70 locations and growing. The company went public in the last throes of the pandemic but manages to grow sales, keep employees, and enhance its reputation for...

CHICAGO, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Portillo’s (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of unrivaled Chicago street food, today announced the appointment of Mike Ellis, to the role of Chief Development Officer. With more than 30 years of experience...

Portillo’s ( NASDAQ: PTLO ) has priced an underwritten public offering of 8M shares of its Class A common stock at a price to the public of $23.75/share. Underwriters are granted a 30-day option to purchase up to an additional 1.2M shares of its Class A common stock...

CHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the pricing of an underwritten public offering of 8,000,000 shares of its C...

F2Q2022 revenues of ~$151 million missed analysts' estimates by ~$1 million. Earnings per share of $0.13 beat consensus projections by $0.06. Margins, although higher on a sequential basis, declined on a year-over-year basis. We are maintaining our 1-year Price Target of $30/s...