Portillo’s Inc.

General Information

Portillo’s serves iconic Chicago street food through high-energy, multichannel restaurants designed to ignite the senses and create a memorable dining experience. Since our founding in 1963 in a small trailer which Dick Portillo called “The Dog House,” Portillo’s has grown to become a treasured brand with a passionate (some might say obsessed) nationwide following. Our diverse menu features all-American favorites such as Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut French fries, homemade chocolate cake and milkshakes. We create a consumer experience like no other by combining the best attributes of fast casual and quick service concepts with an exciting energy-filled atmosphere and restaurant model capable of generating tremendous volumes. Nearly all of our restaurants were built with double lane drive-thrus and have been thoughtfully designed with a layout that accommodates a variety of access modes including dine-in, carryout / curbside, delivery and catering in order to quickly and efficiently serve our guests. As of June 27, 2021, we owned and operated 67 Portillo’s restaurants across nine states.

(Note: Portillo’s priced its IPO on Oct. 20, 2021, at $20 – the top of its $17-to-$20 range – on 20.27 million shares, the number of shares in the prospectus, to raise $405.4 million.)

Industry: Restaurants
Employees: 4600
Founded: 2021
Contact Information
Address 2001 Spring Road, Suite 400 Oak Brook, IL 60523
Phone Number (630) 954-3773
Web Address http://www.portillos.com/
View Prospectus: Portillo’s Inc.
Financial Information
Market Cap $1322.38mil
Revenues $496.25 mil (last 12 months)
Net Income $25.4 mil (last 12 months)
IPO Profile
Symbol PTLO
Exchange NASDAQ
Shares (millions): 20.3
Price range $20.00 - $20.00
Est. $ Volume $405.4 mil
Manager / Joint Managers Jefferies/ Morgan Stanley/ BofA Securities/ Piper Sandler/ Baird/ UBS Investment Bank/ William Blair
CO-Managers Guggenheim Securities/ Stifel/ Loop Capital Markets/ Ramirez & Co.
Expected To Trade: 10/21/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change