PTLO Stock Recent News

Hope you're hungry. Today's Overlooked Stock turns to Portillo's (PTLO).

Shares of Portillo's (PTLO 12.51%) took flight Tuesday morning, jumping as much as 18.9%. As of 1:18 p.m.

Portillo's (PTLO -0.25%) added Chipotle (CMG -0.85%) veteran Jack Hartung to its board of directors last week, and the stock got a nice bounce. In this video, Travis Hoium explains why Hartung could help Portillo's optimize operations and expansion as it enters its new growth phase.

Portillo's Inc. (PTLO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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.

PTLO's technology-driven initiatives, expansion strategy and focus on brand value position it for growth. However, elevated costs are a concern.

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.

Portillo's stock has performed poorly after the 2021 IPO as the significant, healthily performing expansion efforts have been capital heavy, causing high debt and dilution. Activist investor firm Engaged Capital, known for previous successful involvement in the restaurant industry, has taken a stake in Portillo's to turn the expansion strategy more agile. With more agile expansion, the stock could have finally seen its bottom as the potential strategic shift, suggested by Engaged Capital, creates an attractive investment case at the current level.

Portillo's debuts first new cake flavor in 20 years – the Salted Caramel Spice Cake – to menus nationwide just in time for “Spice-tember” Portillo's debuts first new cake flavor in 20 years – the Salted Caramel Spice Cake – to menus nationwide just in time for “Spice-tember”

The restaurant chain, famed for its chocolate cake shakes and hot dogs, could be poised for a turnaround now that Engaged Capital is in the mix.