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?