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Portillo’s Announces Departure of Chief Development Officer

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Portillo’s Announces Departure of Chief Development Officer

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An update from Portillo’s ( (PTLO) ) is now available.

On October 29, 2025, Portillo’s announced the departure of Mike Ellis as Chief Development Officer, effective October 31, 2025. His exit will be considered a qualifying termination under the Senior Executive Severance Plan, entitling him to various benefits, including cash compensation, a prorated annual bonus, health insurance reimbursement, and outplacement services. Additionally, his restricted stock units will vest immediately, while other equity grants will be forfeited.

The most recent analyst rating on (PTLO) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Portillo’s stock, see the PTLO Stock Forecast page.

Spark’s Take on PTLO Stock

According to Spark, TipRanks’ AI Analyst, PTLO is a Outperform.

Portillo’s overall stock score reflects strong financial performance and reasonable valuation, offset by bearish technical indicators and challenges highlighted in the earnings call. The company’s strategic initiatives in technology and loyalty programs are promising, but market performance in new regions and cost pressures remain concerns.

To see Spark’s full report on PTLO stock, click here.

More about Portillo’s

Average Trading Volume: 3,619,757

Technical Sentiment Signal: Sell

Current Market Cap: $421.2M

Find detailed analytics on PTLO stock on TipRanks’ Stock Analysis page.

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