5 Best Small Cap Stocks To Buy for 2022

2. Portillo’s Inc. (NASDAQ:PTLO)

Number of Hedge Fund Holders: 15 (as of Q4)

Portillo’s Inc. (NASDAQ:PTLO) is a reputable name in the Chicago street food industry and operates quick services restaurants across the United States. The firm went public through an IPO in October 2021, trading on the NASDAQ stock exchange at $27.05 as of February 8, which is a 35% increase from its initial share price of $20.

In December, Portillo’s Inc. (NASDAQ:PTLO) was upgraded to ‘Outperform’ from ‘Neutral’ by Baird analyst David Tarantino, maintaining a $50 price target. He feels that the company’s obvious long-term growth opportunity, along with expectations for a healthy near-term operating momentum justify a substantial premium on the company shares.

Portillo’s Inc. (NASDAQ:PTLO) boasts industry-leading average unit volumes, and its current footprint of 69 stores in the United States allows a great opportunity for expansion across the country.