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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Portillo's: Delicious Food, Tasty Valuation