Why Is Engaged Capital Bullish on Portillos Inc (PTLO) Right Now? [Yahoo! Finance]
Portillo's Inc. (PTLO)
Company Research
Source: Yahoo! Finance
Engaged Capital was one of the hedge funds that roared back to life as activist investors enjoyed one of the best runs in the market. With the S&P 500 rallying by 24% in 2023, the hedge fund found itself in one of the best spots owing to savvy stock picking. A 29% gain by the hedge was much better than the average 16% loss registered by most hedge funds in 2022 as the market came under pressure amid heightened inflation. Founded in 2012 by veteran investor Glenn W. Welling, Engaged Capital is one of the most revered activist hedge funds that push for strategic changes in companies. Having launched with an initial capital of $85 million, it has become one of the biggest, controlling a portfolio worth $617.1 million. It has grown to become an experienced small-cap hedge fund that makes investments with a two to five-year investment horizon. Welling is best known for his stock picking skills, having accrued significant skills on starting his career at the renowned activist fund Rela
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PTLO
News
- Portillo’s Inc. to Participate in September Investor ConferenceGlobeNewswire
- Are You Salty, Spiced or Sweet? Portillo’s New Salted Caramel Spice Cake Has it AllGlobeNewswire
- Engaged Capital might have the recipe to build value for shareholders at Portillo's [CNBC]CNBC
- Portillo's Serves Up Tradition with a Side of Tech: Chicago Icon Pilots Self-Service KiosksPR Newswire
- Portillo's Inc. (NASDAQ: PTLO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $13.00 price target on the stock.MarketBeat
PTLO
Earnings
- 8/6/24 - In-Line
PTLO
Sec Filings
- 9/17/24 - Form 4
- 9/11/24 - Form 8-K
- 9/6/24 - Form 4
- PTLO's page on the SEC website