Portillo's Inc., through with its subsidiaries, engages in the ownership and operation of fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut French fries, homemade chocolate cake, and milkshakes. As of June 27, 2021, it owned and operated 67 restaurants in Illinois, Arizona, Indiana, Florida, Iowa, Minnesota, Wisconsin, Michigan, and California. The company was founded in 1963 and is based in Oak Brook, Illinois.
IPO Year: 2021
Exchange: NASDAQ
Website: portillos.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/6/2024 | $13.00 | Buy → Hold | Stifel |
10/7/2024 | $13.00 | Overweight → Equal-Weight | Stephens |
4/12/2024 | $20.00 | Overweight | Stephens |
11/10/2023 | $20.00 | Overweight | Stephens |
10/11/2023 | $26.00 → $19.00 | Overweight → Equal-Weight | Morgan Stanley |
7/17/2023 | $27.00 → $28.00 | Overweight | Morgan Stanley |
6/14/2023 | $24.00 | Overweight | Piper Sandler |
5/5/2023 | $22.00 → $25.00 | Neutral → Buy | Guggenheim |
3/20/2023 | $24.00 | Hold → Buy | Stifel |
1/17/2023 | Equal-Weight → Overweight | Morgan Stanley |
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CHICAGO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Portillo's (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the appointment of Jack Hartung, President and Chief Strategy Officer at Chipotle, to Portillo's Board of Directors, effective immediately. "Jack Hartung has been a pioneer of the fast casual restaurant sector and an architect behind one of its greatest success stories. His experience driving operating excellence and developing restaurants with best-in-class cash-on-cash returns with Chipotle will be invaluable to Portillo's as we accelerate our growth in new markets across the country," said Mike Miles, Portillo's Chair
Restaurant industry veteran brings three decades of operational expertise to support Portillo's national growth CHICAGO, Dec. 2, 2024 /PRNewswire/ -- Portillo's (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the appointment of Tony Darden as Chief Operating Officer (COO). A seasoned industry leader with more than 30 years of experience with multi-unit restaurant concepts, Mr. Darden will play a pivotal role in enhancing operations as Portillo's accelerates its strategic nationwide expansion. He will begin work with the brand on December 9, 2024.
OAK BROOK, Ill., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or "The Company"), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that CEO Michael Osanloo and CFO Michelle Hook will appear at the following investor conferences: On Tuesday, November 26, 2024, CEO Michael Osanloo and CFO Michelle Hook will present at Furey Research Partners Hidden Gems Conference at 9:00 a.m. Eastern Time. A copy of the presentation to be used will be made available at investors.portillos.com. On Tuesday, December 3, 2024, CFO Michelle Hook will host a fireside chat at Morgan Stanley's Global Consumer & Retail Conference at 3:
CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the third quarter ended September 29, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "While our top line results for the quarter fell short of expectations, I'm proud of how our team protected margins and drove cash flow. We're profitable, we're controlling the levers we can, and we're positioned for lasting, long-term growth." Financial Highlights for the Third Quarter 2024 vs. Third Quarter 2023: Total revenue increased 6.9% or $
OAK BROOK, Ill., Oct. 08, 2024 (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 report third quarter 2024 financial results on Tuesday, November 5, 2024, before the market opens. A live audio webcast is scheduled for 10:00 AM ET that same day. Michael Osanloo, President and Chief Executive Officer, and Michelle Hook, Chief Financial Officer, will host the webcast. The webcast will be available on the company's investor relations website at investors.portillos.com and a replay will be available on the site shortly after the conclusion of the event. Investors may
CHICAGO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Chocolate lovers everywhere, rejoice! Portillo's, the fast-casual restaurant concept known for its menu of unrivaled Chicago-style street food, and iconic New York bakery, Milk Bar, have teamed up to create a limited-edition treat – the Portillo's Chocolate Cake Cookie. This rich and fudgey-licious soft baked cookie combines the flavors of Portillo's moist chocolate cake with swirls, pops and chunks of Portillo's iconic fudge frosting, all baked into the perfect Milk Bar chocolate cookie. Whether a fan of Portillo's legendary chocolate cake or Milk Bar's decadent desserts, this chewy and decadent chocolate creation is sure to satiate any sweet to
OAK BROOK, Ill., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or the "Company"), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that CEO Michael Osanloo and CFO Michelle Hook will present and host investor meetings at the Piper Sandler Growth Frontiers Conference on September 10-11, 2024. All interested investors will be able to access a live audio webcast of the Company's presentation at 12:00pm ET on Wednesday, September 11 on investors.portillos.com. About Portillo'sIn 1963, Dick Portillo invested $1,100 into a small trailer to open the first Portillo's hot dog stand in Villa Park, IL, which he cal
CHICAGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- As the summer season comes to an end, Portillo's, the fast-casual restaurant concept known for its menu of unrivaled Chicago-style street food, is ready to spice things up and elevate its dessert lineup with the launch of the Salted Caramel Spice Cake. This marks the first new cake offering from Portillo's in over 20 years, joining the brand's fan-favorite Chocolate Cake, Strawberry Shortcake and Chocolate Éclair Cake. Starting August 27, the new decadent, seasonal treat joins menus nationwide for a limited time and can be enjoyed by the slice, as a whole cake or in Portillo's famed Cake Shake. Featuring two layers of moist spice cake iced with s
Strategic Kiosk Rollout, in Partnership with Bite, Will Facilitate Faster Ordering, Shorter Lines, and Visual Menu Exploration to Enhance Guest,Team Member Experience CHICAGO, Aug. 6, 2024 /PRNewswire/ -- Portillo's Inc. (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it is piloting kiosks in select restaurants. This strategic test represents a step forward in Portillo's ongoing commitment to embracing technology that will enhance the guest and Team Member experience, while optimizing operational efficiency. The company has installed its first state-of-the-art, 24-inch Bite kiosks at two Chicagoland restaurants, offering P
CHICAGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the second quarter ended June 30, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "We delivered sequential improvement in both revenue and margin this quarter as we continued to prioritize sales and transaction growth. We are confident that our strategic plan is focused on the right factors, allowing us to navigate near-term challenges and seize opportunities for continuous improvement. We're now on track to open at least 10 res
CHICAGO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Portillo's (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the appointment of Jack Hartung, President and Chief Strategy Officer at Chipotle, to Portillo's Board of Directors, effective immediately. "Jack Hartung has been a pioneer of the fast casual restaurant sector and an architect behind one of its greatest success stories. His experience driving operating excellence and developing restaurants with best-in-class cash-on-cash returns with Chipotle will be invaluable to Portillo's as we accelerate our growth in new markets across the country," said Mike Miles, Portillo's Chair
Restaurant industry veteran brings three decades of operational expertise to support Portillo's national growth CHICAGO, Dec. 2, 2024 /PRNewswire/ -- Portillo's (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the appointment of Tony Darden as Chief Operating Officer (COO). A seasoned industry leader with more than 30 years of experience with multi-unit restaurant concepts, Mr. Darden will play a pivotal role in enhancing operations as Portillo's accelerates its strategic nationwide expansion. He will begin work with the brand on December 9, 2024.
Dutch Bros Inc. (NYSE:BROS, "Dutch Bros"))) a west coast-based drive-thru beverage company focused on making a massive difference one cup at a time, has announced the appointment of G.J. Hart to its Board of Directors, where he will serve as an independent director and as Chair of the Compensation Committee. Hart brings four decades of executive experience at foodservice operations including Red Robin Gourmet Burgers, California Pizza Kitchen, Torchy's Tacos and Texas Roadhouse, and has a proven track record of growing casual and fast-casual dining concepts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240531409946/en/G.J. Har
New Independent Directors Bring Significant Experience with Global Growth Brands SEATTLE, April 27, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP) announced today the appointment of Paulette Dodson, former General Counsel and Corporate Secretary at Alight, Inc., PetSmart Inc., and Sara Lee Corporation, and Elizabeth "Betsy" McLaughlin, former Chief Executive Officer of Hot Topic, to the Company's Board of Directors. "We're pleased to welcome Paulette and Betsy to our Board," said Darryl Rawlings, Founder, CEO and Chair of the Board. "They bring significant experience driving strategic growth for global consumer brands to Trupanion and are passionate about pets and
Seasoned Industry Executives Paulette Dodson and Michele Meyer Bring Complementary Skillsets and Public Company Experience to Board BARK, Inc. ("BARK" or the "Company") (NYSE:BARK), a leading global omnichannel dog brand with the mission to make all dogs happy, today announced that, effective immediately, Paulette Dodson and Michele Meyer are joining the Company's Board of Directors (the "Board"). Ms. Dodson and Ms. Meyer each bring significant industry experience, rounding out the Board's experience across operations, legal, corporate governance, marketing, and finance functions. Ms. Dodson is the former General Counsel and Corporate Secretary at Alight, Inc., PetSmart Inc., and Sara Lee
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 scaling beloved and well-known restaurant brands across the U.S., Ellis will play a key role in leading Portillo's robust growth plan as it scales strategically in new and existing markets nationwide. "I am thrilled to welcome Mike to the Portillo's leadership team, and I'm confident that his expertise and exceptional record of scaling high-profile restaurant concepts will further accelerate our company's grow
CHICAGO, Dec. 23, 2021 /PRNewswire/ -- Portillo's (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of unrivaled Chicago street food, today announced the appointment of Paulette Dodson, General Counsel and Corporate Secretary at Alight Solutions, to the Portillo's Board of Directors, effective immediately. "Paulette is a strategic leader and talented legal mind who brings a wealth of knowledge and a passion for our iconic brand," said Mike Miles, Portillo's Chairman of the Board of Directors. "We're very excited to welcome her to the Portillo's board." Ms.
CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the third quarter ended September 29, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "While our top line results for the quarter fell short of expectations, I'm proud of how our team protected margins and drove cash flow. We're profitable, we're controlling the levers we can, and we're positioned for lasting, long-term growth." Financial Highlights for the Third Quarter 2024 vs. Third Quarter 2023: Total revenue increased 6.9% or $
CHICAGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the second quarter ended June 30, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "We delivered sequential improvement in both revenue and margin this quarter as we continued to prioritize sales and transaction growth. We are confident that our strategic plan is focused on the right factors, allowing us to navigate near-term challenges and seize opportunities for continuous improvement. We're now on track to open at least 10 res
CHICAGO, May 07, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the first quarter ended March 31, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said "It's an exciting time at Portillo's. We're proud of how we exited the quarter and will continue to build top-line momentum through disciplined sales-driving initiatives and new unit development. Today we revealed Portillo's four strategic pillars, which will guide our 2024 goals and serve as the foundation for quality growth. Running world class operati
CHICAGO, March 02, 2023 (GLOBE NEWSWIRE) -- Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the fourth quarter and fiscal year ended December 25, 2022. Michael Osanloo, President and Chief Executive Officer of Portillo's, said "Portillo's had a great first full year as a publicly-traded company. We focused on delivering delicious food at an unbeatable value and realizing operational improvements that enhanced the guest experience. We ended 2022 with strong momentum that we're already using as a springboard into 2023. Looking ahead, I'm particularly excited
CHICAGO, April 18, 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 first quarter 2022 financial results on Thursday, May 5, 2022 before the market opens. A conference call and webcast are scheduled for 10:00 AM ET that same day. Hosting the conference call and webcast will be Michael Osanloo, President and Chief Executive Officer, and Michelle Hook, Chief Financial Officer. Interested parties may listen to the conference call via telephone by dialing 631-891-4304. A telephone replay will be available shortly after the call has concluded and ca
CHICAGO, Feb. 17, 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 fourth quarter and full year 2021 financial results on Thursday, March 10, 2022 before the market opens. A conference call and webcast are scheduled for 10:00 AM ET that same day. Hosting the conference call and webcast will be Michael Osanloo, President and Chief Executive Officer, and Michelle Hook, Chief Financial Officer. Interested parties may listen to the conference call via telephone by dialing 201-493-6780. A telephone replay will be available shortly after the call
CHICAGO, Nov. 08, 2021 (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 2021 financial results on Thursday, November 18, 2021 before the market opens. A conference call and webcast are scheduled for 10:00 AM ET that same day. Hosting the conference call and webcast will be Michael Osanloo, President and Chief Executive Officer, and Michelle Hook, Chief Financial Officer. Interested parties may listen to the conference call via telephone by dialing 201-493-6780. A telephone replay will be available shortly after the call has concluded a
Stifel downgraded Portillo's from Buy to Hold and set a new price target of $13.00
Stephens downgraded Portillo's from Overweight to Equal-Weight and set a new price target of $13.00
Stephens resumed coverage of Portillo's with a rating of Overweight and set a new price target of $20.00
Stephens initiated coverage of Portillo's with a rating of Overweight and set a new price target of $20.00
Morgan Stanley downgraded Portillo's from Overweight to Equal-Weight and set a new price target of $19.00 from $26.00 previously
Morgan Stanley reiterated coverage of Portillo's with a rating of Overweight and set a new price target of $28.00 from $27.00 previously
Piper Sandler resumed coverage of Portillo's with a rating of Overweight and set a new price target of $24.00
Guggenheim upgraded Portillo's from Neutral to Buy and set a new price target of $25.00 from $22.00 previously
Stifel upgraded Portillo's from Hold to Buy and set a new price target of $24.00
Morgan Stanley upgraded Portillo's from Equal-Weight to Overweight