Performance Outlook
| Previous Close | 22.70 |
|---|---|
| Ask | 22.43 x 900 |
| Day’s Range | 22.21 – 23.25 |
| 52 Week Range | 21.38 – 57.72 |
| Volume | 334,394 |
Similarly Is Portillo’s stock going public? Portillo’s Inc. launched its initial public offering Thursday, raising more than $405.4 million and setting the stage further growth of the 67-unit fast-casual brand, says Michael Osanloo, the company’s CEO and president. The Oak Brook, Ill.
Is Portillo’s stock overvalued? Is Portillo’s overvalued? According to Wall Street analysts Portillo’s’s price is currently Undervalued.
Additionally, Does Portillo’s stock pay a dividend?
PORTILLO’s (NASDAQ: PTLO) does not pay a dividend.
What will Portillo’s stock open at?
Performance Outlook
| Previous Close | 22.45 |
|---|---|
| Open | 22.25 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 900 |
| Day’s Range | 21.89 – 23.02 |
Is Portillo’s profitable? The fast-casual chain is also profitable, he said. Portillo’s is still “pretty darn expensive” on a price-to-earnings basis, Cramer said, after the stock closed Friday at $31.73 per share. Its all-time high of $57.73 was notched on Nov. 17.
What is Portillos IPO? Its stock price, which started at $20, closed at $29. The company offered more than 20 million shares leading to a $405 million IPO, but along with a 30-day option to purchase an additional 3 million shares, Portillo’s proposed maximum aggregate offering price could reach $466 million.
Is Portillo’s profitable? The company’s financials are mixed
Top-line metrics for Portillo’s are strongly positive, with revenue jumping 15.3% year over year to $138 million. Both a 6.8% surge in same-restaurant sales and five new restaurant openings contributed to the gain.
How much debt does Portillo’s have?
The restaurant chain owes about $550 million after a 2014 leveraged buyout by Boston-based Berkshire Partners. In 2019, its debt was about 7.5 times its earnings, according to Moody’s, which predicted that would increase to 9 times. Close to 100 CLOs hold pieces of Portillo’s debt, according to loan tracker Trepp CLO.
Will PTLO pay dividends? PTLO does not currently pay a dividend.
Is Portillo’s expanding?
The company has 16 restaurants in the pipeline for 2022 and 2023, Osanloo said in an October interview after the IPO. “We’ve identified seven restaurants for ’22,” he said. “We’re going open two in Arizona, two in Florida.
Will Portillo’s stock pay dividends? PTLO does not currently pay a dividend.
What is Portillo’s stock projected to do?
Analyst Price Target on PTLO
Based on 5 Wall Street analysts offering 12 month price targets for Portillo’s in the last 3 months. The average price target is $28.00 with a high forecast of $31.00 and a low forecast of $25.00. The average price target represents a 25.84% change from the last price of $22.25.
Is sweetgreen going public?
Sweetgreen is the first fast-casual salad chain to go public, but it likely won’t be the last.
Who owns Portillo’s stock? One negative about Portillo’s is that a private equity sponsor, Berkshire Partners, still owns a majority of the company even after its IPO in October, Cramer said.
Is Portillo’s from Chicago? Portillo’s Restaurant Group, Inc. is an American fast casual restaurant chain based in the Chicago area that specializes in serving Chicago-style food such as hot dogs, Maxwell Street Polish, and Italian Beef.
How much money did Portillo’s sell for?
In 2014, the then-38-unit brand was purchased by private equity firm Berkshire Partners for nearly $1 billion. Six months after that transaction, Portillo bought back some of the chain’s real estate, acquiring 18 of his namesake restaurants and two food commissaries under 20-year leases.
What will Sweetgreen IPO price be? Sweetgreen IPO Basics
IPO Projected Valuation: Up to $2.7 billion. IPO Date: November 18, 2021. IPO Projected Price Range: $23.00 – $25.00. Exchange: NYSE.
What time is Sweetgreen going public?
The Sweetgreen IPO completed on Thursday, November 18th. The stock priced Wednesday night and began trading at about 1:45 PM EST. The company worked with Goldman Sachs on the listing.
Is Chipotle a public company? The company trades on the New York Stock Exchange under the ticker symbol CMG . Chipotle is one of the first chains of fast casual dining establishments.
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Chipotle Mexican Grill.
| Type | Public |
|---|---|
| Traded as | NYSE: CMG S&P 500 Component |
| Industry | Restaurants |
| Genre | Fast Casual |
| Founded | July 13, 1993 |
