Portillo's - Growing Money Trees ($PTLO)
over 1 year ago
White Brook Capital
"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%. $22 near-term PT on 15x EBITDA. Upside multi-bagger if growth continues."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Portillo's - Growing Money Trees ($PTLO)
Source:
White Brook Capital
Published:
May 28, 2024
Idea Type:
Stock Idea