Portillo’s (NASDAQ: PTLO) is a restaurant with a cultlike following and incredible unit economics, but the stock hasn’t been a winner for investors. The recent first-quarter 2024 earnings report even showed weakness on a same-store basis.
In this video, Travis Hoium goes over the numbers and shows why this is still a great restaurant stock to own today.
*Stock prices used were end-of-day prices of April 11, 2024. The video was published on May 13, 2024.
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Travis Hoium has positions in Portillo’s. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Down 73% Since IPO, Is This Restaurant Stock a Buy Now? was originally published by The Motley Fool