Purchase Date: 08/15/2022
Share Amount: 44
Purchase Price: $23.3735
Total Cash Spent: $1,028.43

Headquarters: Oakbrook, IL
Owner/Operator: *Founder Dick Portillo sold to private equity firm Berkshire Partners (not related to Berkshire Hathaway).
Shares Owned:
IPO Date: October 21, 2021


Why: Let’s talk food. No, I’m not Guy Fieri, but I do wish I had his hair. Portillo’s has a long tradition of serving the fanatical Chicagoland area dating back to 1963 when Dick Portillo opened the first store in a small trailer named the “The Dog House” and later changed its name to Portillo’s in 1967.

Portillo’s is growing their national footprint one state at a time and is currently only in 9 states with 71 restaurants as of August 5^th, 2022. Those states include Illinois, Indiana, Arizona, Florida, Minnesota, Wisconsin, California, Iowa and Michigan and they have never closed a restaurant in their 58 years of operation. Portillo’s has announced it will be expanding to Ohio and Texas in 2022 and its plan is to expand 10% per year.  

If you ever get the chance to go there, I recommend the Italian beef sandwich with a side of cheese fries and a chocolate cake shake - but you really can’t go wrong with anything. While the double lane drive thru may be more convenient, I say go inside and look at the many different types of themes and look at the famous autographed pictures. Who knows maybe you will be on the wall of fame someday!
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