i have been thinking about buying into this one any opinions good or bad, i live in Florida and these places are popping up everywhere, they are a great alternative to the traditional fast food joints, and they actually have good food. 'Grilled chicken and ribs, my kids love em, two in my county in the past 3 months. Orlando has a lot of them too. They are always busy. Could turn out to be the next CMG.
I'm also in Florida and bought into the stock shortly after it IPO'd. I don't go to fast food places often, but when I do Pollo Tropical is my preference. I think it has great growth potential, but it's certainly not what I'd consider cheap anymore. That said people are willing to give some pretty nice premiums on these stocks (like CMG).
Both Piper Jaffray and Jeffries started the stock at buy/outperform today, so I guess they still consider it a reasonable deal. I sold some in the 25-26 range, but plan on holding onto the rest for a long time.