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Portillo's Inc. (PTLO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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24.39-0.79 (-3.14%)
At close: 04:00PM EST
24.48 +0.09 (+0.37%)
After hours: 05:57PM EST
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  • j
    joe
    I just ate lunch at my Portillos just now. 1 Big beef w/ motz, sweet peppers and Gardiner, a fry and a chocolate cake shake $21.73. Katchup, FREE!! Is this order out of the norm for a festive lunch at Portillos? Am I the only one who does this? If I am, how does Portillos stay in business?
  • C
    Craig
    Good morning everyone. Just wondering what the IPO for Portillo's was last year. Thanks
  • P
    PPJJ
    I just received e-mails from Portillos which show the filing of 6 form 4's with the SEC. Several Directors have acquired shares of Portillo's on January 18th.
  • A
    Al T.
    Your gonna thank me for this !
    On trips back to Chicago over the last ten years we always stopped at least once at Portillo's for a beef sandwich, fries & drink - never paid much attn to the price. On a recent trip in we did the same and on the way back to St Louis we stopped at Portillo's in Champaign, IL. and for a change I had a cheeseburger, fries & coke inside. It was the best cheeseburger I have had in a long time (other than home) with just enough char flavor. It was so good I did not realize there was no mustard & ketchup on it & did not miss it.
    Now I have the problem of what do I get next time. Yes there is a Portillo's in Springfield or Bloomington, IL,maybe both.
    Pricewise it now costs me 11 or 12 dollars at McDonalds or White Castle you can't get inside' not that there is anything to see, and there lines take longerand fries are warm at best.
    Bullish
  • J
    Jeffrey
    Keep calm and keep buying. Every day this stock falls, it just means you can buy more 🙂
  • R
    R
    Hear me out…
    I love Portillo‘s and everything they stand for; however, it is important to separate the business and the stock price. Portillos the business is unbelievable! Portillos the stock price looks a little over priced at the moment. p/e above 450 and a forward p/e over 100 on a very slow growing company. Trading at a premium of a software company with the recent IPO hype, and excitement. The second interest rates increase and/or inflation increases then the stock will likely turn down more in the near term. I will keep this on my watch list, and I hope to see very low/sub 20’s to start my position! Best of luck to all!
  • C
    Chess GOD
    Portillos in Old Orchard is packed every day the lines are ridicules .when they open one in village crossing shopping center it will be just as busy . and when they open one in Gurnee it will be busier lets talk about South Beach 2 and 10 in Miami , Las Vegas 5 locations , New York 30 locations, key west , 5 locations Washington, D.C. San Francisco and 5-10 in every major city in the US this will happen this is just the start and watching them grow in Chicago competing with $2.00 tacos stands $1.00 hot dog $5.00 gyros and $2.00 pizza slices everywhere and dont forget more MacDonald burger king and Wendy's than any other city not to mention fast food places on every corner so they can make it hear they will make it everywhere now that they have money this will grow and grow and grow just like McDonalds. I am a produce distributor in Chicago
    i seen it all i can tell you one thing about Portello's they do things right mark my word this in one to retire on im not sure what the bottom is on price but whatever it is $25.00 will look like a steal 10 years from now
  • R
    Rick
    I'm a Chicagoan (now living in Denver) and have seen Portillo's grow over the years. Every time I am in one, it is packed and they really know how to move customers through the drive-thru. I'm betting that this will be the results as they buildout in in the rest of the USA. With all the Chicagoans in the Denver Metro area, they need a few restaurants here. :)
    Bullish
  • R
    Rich
    Typically IPOs run up and fall back below their initial value within 1 year. I'm waiting for this to go below $29 before I start buying in. I am by no means a big time trader. I am a lifelong Chicagoan who has eaten my fair share of Portillo's and believes in the company. Nobody seems to mention their catering business which is top notch. My family always buys from them for family parties. I think you have to look at this stock with a short term and long term approach. Watch it drop back into the mid to upper $20's to get closer to it's fair value. But when these new locations open in other states and start contributing to earnings, this stock could close to double. So this is my approach to why I want to wait to buy in, but after I do, I'm holding long term.
  • j
    joe
    Big Beef combo $11.12
    Cheese .60
    Sweet .60
    Gardiner .60
    Fries. $2.77
    Cake Shake $5.26
    10% tax
    Read it and weep...
  • S
    Sean
    went to the Orlando location a few days ago...the place was packed at 330P
    Bullish
  • R
    Rustocracy
    I understand that the PE Ratio is high right now, and maybe some future earnings are priced into the stock already, but I will tell you this...People absolutely love Portillo's in Chicago. I have lived here my entire life (outside of college), and no matter how many locations they open, the drive-thru lanes are insane during lunch and dinner. There is one down the street from my office, and every time I drive by during lunch, there are 30-40 cars in line at minimum. So many that workers are outside taking orders right at your car before you even get close to the building to help speed things up. This is EVERY SINGLE DAY. When family or friends move away to another state and you ask them what they miss the most, 90% of the time they say Portillos. Not pizza. It's often the first thing they do on the drive back from the airport. Look, take this information with a grain of salt, but how many restaurants can you truly say that about? Like New Yorkers aren't leaving the city and missing Shake Shack like that. Maybe Westerners missing In-n-Out could be comparable. I don't know. I've never lived out West. Does that guarantee that the stock will be the next Chipotle? No, maybe not. All I can tell you is that once the rest of the country gets a taste of Portillos, they are going to grow exponentially.
    Bullish
  • w
    wizardofwallstreet
    I bought back in @ these levels..Drove down to Joliet, Illinois yesterday from Winnetka..The store with 3 drive thru's and no restaurant seating area scheduled to open Feb 1st..I saw people in there last night working and being trained. This was an old IHOP that was torn down and new Portillos constructed...Pieces are in place..I like what I saw & these levels, so I'm back in as a Portillos shareholder...
  • T
    Tom
    I am heading to Portillos for lunch today. Who is going with me?
  • E
    EINHORN
    I have never bought a share of this co, but I drive buy one orbably 3 times a week. The constant long lines of cars buyng food is astounding. And the food for their sector of the market is far above average,aside from dogs fish sandwiches, chicken sandwiches, salads and more. It's just too expensive on a PE or even PEG basis. Too bad I would love to own a piece of this. I may eventualy!!!! I believe they will grow like Panera did in its hay day, or any of the rapid growth restaurant chains think Chipotle. Their charbroiled burgers are the best!!!!
  • j
    joe
    Hey Ty, have you ever went to Portillos drive thru and just ordered katchup and been on your merry way? Hey Dad, what are we eating tonight? Well family, we are eating katchup sandwiches and katchup soup from Portillos tonight! LOL!
  • R
    Raymond
    An important financial fact about Portillo's is that only about 28% of its shares were sold to new investors during the IPO. Much of the rest is in the hands of Berkshire Partners, a private equity firm that bought Portillo's back in 2014. If Berkshire decides to sell its shares, it will flood the market and almost certainly cause the stock to plunge much lower.
  • J
    John
    Chicago service can't be reproduced in most cities. The ordering experience and seeing how fast everything is processed is half the experience. We have Chicago style food in Springfield MO, but waiting 20 minutes for your food after ordering it changes the experience greatly.
  • H
    Hassan Mohebbi
    Does anyone knows when the IPO lock up period expires?
  • J
    Jeffrey
    Not sure if this is being manipulated by shorts and hedge funds, but fundamentals will ultimately prevail. I got plenty of cash on the sidelines to continue adding on dips :)
    Bullish
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