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 |
|---|---|---|---|
| 4/7/2025 | $12.00 | Outperform → Neutral | Robert W. Baird |
| 1/27/2025 | $13.00 → $16.00 | Hold → Buy | Stifel |
| 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 |
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Robert W. Baird downgraded Portillo's from Outperform to Neutral and set a new price target of $12.00
Stifel upgraded Portillo's from Hold to Buy and set a new price target of $16.00 from $13.00 previously
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
OAK BROOK, Ill., May 28, 2025 (GLOBE NEWSWIRE) -- Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or "The Company"), the fast-casual restaurant concept known for its menu of American classics with a Chicago twist, today announced that Portillo's leadership will appear at the following investor conferences: On Tuesday, June 3, 2025, CFO Michelle Hook will present at William Blair's 45th Annual Growth Stock Conference at 12:20 p.m. Eastern Time. A copy of the presentation used will be made available at investors.portillos.com. The Company will also host in-person investor meetings during the conference.On Wednesday, June 4, 2025, CFO Michelle Hook will host a fireside chat at Baird's 2025 Globa
CHICAGO, May 06, 2025 (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 first quarter ended March 30, 2025. Financial Highlights for the First Quarter 2025 vs. First Quarter 2024: Total revenue increased 6.4% or $10.6 million to $176.4 million;Same-restaurant sales increased 1.8%;Operating income increased $0.3 million to $10.4 million;Net income decreased $1.4 million to $4.0 million;Restaurant-Level Adjusted EBITDA(1) increased $0.3 million to $36.7 million; andAdjusted EBITDA(1) decreased $0.6 millio
CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- This May, Portillo's – the famed and fast-growing purveyor of unrivaled Chicago-style street food – is celebrating its most iconic sandwich, the Italian Beef, in a big way. In honor of Italian Beef Day (May 24), Portillo's will give the holiday the star treatment with a month-long celebration featuring exclusive offers, citywide stunts, and much more – giving fans nationwide a meaty myriad of ways to savor its beloved Italian Beef sandwich. "Italian Beef Day has always been special, but this year, we're taking it to the next level for the month of May," said Vallory McCormack, Director of Marketing at Portillo's. "We've got a BOGO deal on our sign
CHICAGO, April 28, 2025 (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 announced that it has entered into a cooperation agreement with Engaged Capital, LLC ("Engaged Capital"). As part of the cooperation agreement, Portillo's and Engaged Capital will cooperate to identify a new director with recent and relevant restaurant operating experience to be appointed to the Portillo's Board of Directors. "We are pleased to have reached this agreement with Engaged Capital," said Michael A. Miles, Jr., Portillo's Chair of the Board. "The Board is committed to overseeing decisiv
OAK BROOK, Ill., April 08, 2025 (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 first quarter 2025 financial results on Tuesday, May 6, 2025, 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 als
CHICAGO, March 03, 2025 (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 confirmed that its Board of Directors has received a letter from an affiliate of Engaged Capital, LLC ("Engaged Capital") stating that it intends to nominate two director candidates to stand for election to the Company's Board of Directors at Portillo's 2025 Annual Meeting of Shareholders. Portillo's issued the following statement: The Portillo's Board of Directors and management team are focused on driving value for all shareholders and best positioning Portillo's to deliver lasting growth and pr
Nominates Charlie Morrison, Who Delivered Total Shareholder Returns of ~760% During His Tenure as CEO of Wingstop, and Nicole Portwood, an Experienced Marketing Executive and Former CMO of Tito's Handmade Vodka, to Company's Board Nominees Possess Necessary Restaurant Operations and Marketing Experience to Drive Greater Urgency on Enhancing Company Performance Engaged Capital, LLC (together with certain of its affiliates, "Engaged" or "we"), which beneficially owns approximately 8.6% of the outstanding Class A common stock of Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or the "Company"), today announced that it has nominated two highly qualified, independent candidates for election to t
CHICAGO, March 03, 2025 (GLOBE NEWSWIRE) -- Portillo's, the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the launch of Portillo's Perks, an app-less loyalty program that rewards guests for their love of Portillo's. Portillo's Perks reimagines the traditional loyalty program by offering a fully digital experience that adapts to guest behaviors. Unlike standard point-based apps, Portillo's Perks lives in guests' digital wallets and delivers personalized rewards based on visit frequency and ordering habits. Guests simply check in with their digital Perks card during visits to collect engaging badges and earn targeted rewards—from a welcome off
CHICAGO, Feb. 25, 2025 (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 fourth quarter and fiscal year ended December 29, 2024. "We ended the year with solid momentum, supported by key initiatives that will drive our long-term growth," said Michael Osanloo, President and Chief Executive Officer of Portillo's. "As we head into 2025, we're focused on accelerating traffic, enhancing operational excellence, and expanding our geographic footprint to deliver value to our team members, guests and shareholders." Finan
OAK BROOK, Ill., Feb. 05, 2025 (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 fourth quarter 2024 financial results on Tuesday, February 25, 2025, 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. Inves
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4 - Portillo's Inc. (0001871509) (Issuer)
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4 - Portillo's Inc. (0001871509) (Issuer)
4 - Portillo's Inc. (0001871509) (Issuer)
4 - Portillo's Inc. (0001871509) (Issuer)
4 - Portillo's Inc. (0001871509) (Issuer)
4 - Portillo's Inc. (0001871509) (Issuer)
CHICAGO, March 03, 2025 (GLOBE NEWSWIRE) -- Portillo's, the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the launch of Portillo's Perks, an app-less loyalty program that rewards guests for their love of Portillo's. Portillo's Perks reimagines the traditional loyalty program by offering a fully digital experience that adapts to guest behaviors. Unlike standard point-based apps, Portillo's Perks lives in guests' digital wallets and delivers personalized rewards based on visit frequency and ordering habits. Guests simply check in with their digital Perks card during visits to collect engaging badges and earn targeted rewards—from a welcome off
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.
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CHICAGO, May 06, 2025 (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 first quarter ended March 30, 2025. Financial Highlights for the First Quarter 2025 vs. First Quarter 2024: Total revenue increased 6.4% or $10.6 million to $176.4 million;Same-restaurant sales increased 1.8%;Operating income increased $0.3 million to $10.4 million;Net income decreased $1.4 million to $4.0 million;Restaurant-Level Adjusted EBITDA(1) increased $0.3 million to $36.7 million; andAdjusted EBITDA(1) decreased $0.6 millio
Nominates Charlie Morrison, Who Delivered Total Shareholder Returns of ~760% During His Tenure as CEO of Wingstop, and Nicole Portwood, an Experienced Marketing Executive and Former CMO of Tito's Handmade Vodka, to Company's Board Nominees Possess Necessary Restaurant Operations and Marketing Experience to Drive Greater Urgency on Enhancing Company Performance Engaged Capital, LLC (together with certain of its affiliates, "Engaged" or "we"), which beneficially owns approximately 8.6% of the outstanding Class A common stock of Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or the "Company"), today announced that it has nominated two highly qualified, independent candidates for election to t
CHICAGO, Feb. 25, 2025 (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 fourth quarter and fiscal year ended December 29, 2024. "We ended the year with solid momentum, supported by key initiatives that will drive our long-term growth," said Michael Osanloo, President and Chief Executive Officer of Portillo's. "As we head into 2025, we're focused on accelerating traffic, enhancing operational excellence, and expanding our geographic footprint to deliver value to our team members, guests and shareholders." Finan
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