Portillo’s Inc. (PTLO): A Bull Case Theory

We came across a bullish thesis on Portillo’s Inc. (PTLO) on Substack by Andrew Wagner. In this article, we will summarize the bulls’ thesis on PTLO. Portillo’s Inc. (PTLO)’s share was trading at $11.84 as of April 16th. PTLO’s trailing and forward P/E were 25.74 and 28.17 respectively according to Yahoo Finance.

Portillo’s (PTLO), the iconic fast-casual chain best known for its “Chicago-style” offerings, has become interesting...