Opinions
Jim Cramer - Mad Money
Portillo's
PTLO-Q
DON'T BUY
Mar 10, 2023
N/A
Stock price when the opinion was issued
food stores
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PARTIAL BUY
A restaurant chain that went public in October, offering Chicago street food like sausages with 69 locations in 9 states, including drive-thrus so you've adapted to Covid. Managers pay workers well, so they've managed staff shortages well. Financials: drive-thrus see double/triple the business of McDonald's. They reported 15% revenue growth last month, and they're profitable. Plans to expand nationally, but not too quickly. Smart. Negatives: Berkshire Partners still owns a majority stake, so if they cash out, watch out. Jumped from $20 to $54 to $31, so volatile. Trades at 55x PE next year, so it's still too pricey despite the share pullback. Still, he likes the long-term outlook. Buy a partial interest.
food stores
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They just offered 8 million shares of their class A stock. Bad timing. They should have waited until a better time in the market.