Portillo's
Serves Chicago street food through company-owned fast-casual and QSR-style restaurants.
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Profile
Serves Chicago street food through company-owned restaurants built around Italian beef, hot dogs, burgers, salads, fries, desserts, and multichannel access. The business is concentrated in the United States and depends on restaurant traffic, service speed, convenient sites, and disciplined unit growth.
Serves Chicago street food through company-owned restaurants that blend fast-casual ordering with QSR speed. The menu centers on Italian beef sandwiches, Chicago-style hot dogs and sausages, char-broiled burgers, chopped salads, crinkle-cut fries, chocolate cake, and cake shakes.
Most restaurants remain in the United States, with Illinois still the core market and newer growth extending to Texas, Florida, Arizona, and other states. Guest access spans dine-in, drive-thru, takeout, delivery, catering, nationwide shipping, and a loyalty program.
Execution depends on restaurant traffic, menu pricing, product mix, service speed, labor, convenient sites, and the pace of company-owned unit expansion. Recent governance and leadership changes have focused on traffic, margins, unit economics, and operational fundamentals.
Company facts
Categories
Key statistics
Year to date +2.4% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 21, 2026 | Stephens | Target | $6 | $5 | ||
| May 7, 2026 | Guggenheim | Downgrade | Buy | Neutral | ||
| May 6, 2026 | Roth Capital | Target | $9 | $8 | ||
| May 6, 2026 | Robert W. Baird | Target | $8 | $5.25 | ||
| Apr 21, 2026 | Roth Capital | Target | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.08 | $0.09 | +9.6% | $199.2M | $199.0M | −0.1% | −6.21% |
| May 5, 2026Q1 FY26 | $0.01 | −$0.01 | −200.0% | $183.3M | $182.6M | −0.4% | −6.26% |
| Feb 24, 2026Q4 FY25 | $0.05 | $0.08 | +60.0% | $187.5M | $185.7M | −0.9% | −0.94% |
| Nov 4, 2025Q3 FY25 | $0.04 | $0.02 | −50.0% | $185.5M | $181.4M | −2.2% | +3.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $176.4M | $188.5M | $181.4M | $185.7M | $182.6M | $199.0M | |
| Gross profit | $68.5M | $76.4M | $29.4M | $73.3M | $34.8M | $43.2M | |
| Operating income | $10.4M | $17.5M | $9.4M | $13.4M | $4.5M | $13.8M | |
| Net income | $3.3M | $8.7M | $1.2M | $6.1M | −$402.0K | $6.9M | |
| Diluted EPS | $0.05 | $0.12 | $0.02 | $0.09 | −$0.01 | $0.09 | |
| Gross margin | 38.8% | 40.5% | 16.2% | 39.5% | 19.1% | 21.7% | |
| Operating margin | 5.9% | 9.3% | 5.2% | 7.2% | 2.5% | 6.9% |
Fiscal years (4-quarter sums)FY21 $535.0M · FY22 $587.1M · FY23 $679.9M · FY24 $710.6M · FY25 $732.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $21.3M · Total debt $691.4M · Total assets $1.62B · Shareholders' equity $480.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 72.38M · Float 67.50M · 93.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Orbis Investment Management Ltd | 7.03M | 9.80% | 13G | May 15, 2026 |
| AllianceBernstein L.P. | 5.55M | 7.70% | 13G | Nov 14, 2025 |
| BlackRock, Inc. | 4.91M | 6.78% | 13F | Aug 7, 2026 |
| Orbis Allan Gray Ltd | 4.17M | 5.76% | 13F | Aug 14, 2026 |
| Engaged Capital LLC | 3.44M | 4.76% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Eugene I. Jr Lee | director | +65,355 | $4.59 |
| May 11, 2026 | Eugene I. Jr Lee | director | +70,165 | $4.28 |
| Mar 13, 2026 | Eugene I. Jr Lee | director | +286,000 | $5.18 |
Peers
- McDonald's
QSR scale pressure across burgers, fries, value, and digital ordering
- Restaurant Brands International
Burger King and Firehouse Subs pressure QSR meals and hot sandwiches
- Wendy's
Direct burger, fries, Frosty, app, and drive-thru overlap
- Shake Shack
Premium fast-casual overlap in burgers, hot dogs, fries, and shakes
- Chipotle Mexican Grill
Fast-casual scale peer in throughput, digital pickup, catering, and value
- Jack-in-the-Box
Drive-thru QSR pressure in burgers, fries, chicken, tacos, and late night
- CAVA
Fast-casual growth peer in digital pickup, catering, and healthy bowls
- Wingstop
Off-premise QSR challenger in chicken, fries, delivery, and digital orders
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Portillo's | $4.80 | +2.03% | $340.2M | 25.2 | 21.8 | 0.5 | +5.6% |
| McDonald's | $265.11 | +0.04% | $188.28B | 21.5 | 20.0 | 6.8 | +3.7% |
| Restaurant Brands International | $78.50 | +0.29% | $27.15B | 23.1 | 18.5 | 2.8 | +4.6% |
| Wendy's | $8.22 | −0.48% | $1.58B | 12.5 | 16.2 | 0.7 | +1.7% |
| Shake Shack | $69.75 | −0.23% | $2.82B | 74.1 | 56.4 | 1.8 | +17.2% |
| Chipotle Mexican Grill | $38.00 | −0.08% | $48.78B | 34.9 | 30.0 | 3.9 | +9.3% |
| Jack-in-the-Box | $16.20 | +0.06% | $308.8M | 9.4 | 4.7 | 0.3 | −22.6% |
| CAVA | $66.76 | −0.26% | $7.80B | 121.3 | 110.1 | 5.7 | +31.3% |
| Wingstop | $113.85 | +0.18% | $3.09B | 27.0 | 23.8 | 4.3 | +6.4% |
| Median | 25.0 | 21.9 | 3.4 | +5.5% |