
"PTLO: Iconic Chicago QSR expanding to Sunbelt. Jan weather & fewer new stores hurt SSS, but fundamentals intact. $5-6M store costs, 25-31% cash-on-cash return (80% if landlord builds). Potential 850 units from 85 today. EBITDA growth to accelerate as scale improves. Berkshire selling abating <20%. $22 near-term PT on 15x EBITDA. Upside multi-bagger if growth continues."
Portillo's - Growing Money Trees ($PTLO)
White Brook Capital
May 28, 2024
Stock Idea