Bitcoin price today: surges to $122k, near record high on US regulatory cheer
On Monday, Portillo’s Inc. (NASDAQ:PTLO), a well-known player in the retail eating places industry with a market capitalization of $887 million, conducted its 2025 Annual Meeting of Shareholders. According to InvestingPro analysis, the company currently trades at a P/E ratio of 29.4, suggesting a premium valuation relative to near-term earnings growth. The meeting, which took place on June 10, 2025, saw shareholders vote on several key issues, including the election of directors and executive compensation.
The company, which is incorporated in Delaware and headquartered in Oak Brook, Illinois, reported that as of April 11, 2025, there were over 63 million shares of Class A common stock and over 10 million shares of Class B common stock entitled to vote. InvestingPro data shows the stock has demonstrated significant volatility with a beta of 1.88, while maintaining a 4.57% revenue growth over the last twelve months.
During the meeting, shareholders elected eight directors to serve until the next annual meeting in 2026 or until their successors are elected and qualified. The compensation of the company’s Named Executive Officers was approved on an advisory basis, and Deloitte & Touche LLP was ratified as the company’s independent auditor for the fiscal year 2025. A shareholder proposal concerning the ability to call special shareholder meetings was voted upon and did not pass.
The detailed voting results for the director elections showed a majority of votes in favor of each director, with the number of withheld votes and broker non-votes also reported. Similarly, the advisory vote on executive compensation (Say on Pay) and the auditor ratification proposal both received a significant number of affirmative votes, with a smaller proportion against or abstaining.
This meeting followed an April 28, 2025, announcement of a cooperation agreement with Engaged Capital, LLC, as previously reported in a Current Report on Form 8-K filed with the SEC.
Portillo’s Inc. has confirmed the accuracy of these proceedings by signing the SEC report, which was officially filed today. The report was signed by Kelly M. Kaiser, General Counsel and Secretary of Portillo’s Inc.
In other recent news, Portillo’s Inc. reported its first-quarter 2025 earnings, revealing revenues of $176.4 million, which fell short of the forecasted $181.01 million. The company met its earnings per share (EPS) forecast of $0.05. Despite the revenue shortfall, Portillo’s has plans to open 12 new restaurants in 2025, targeting a 10-12% revenue growth. The company is expanding its loyalty program and testing new restaurant formats to enhance customer engagement. Analyst firm Stifel maintained its Buy rating on Portillo’s with a price target of $17.00, expressing optimism about the company’s strategic initiatives and growth potential. Stifel analysts highlighted Portillo’s efforts to reduce construction costs for new restaurants and improve customer traffic, particularly in the Chicagoland area. The analysts also noted that Portillo’s has substantial room for market share expansion, even in its established regions. These developments reflect the company’s commitment to strategic growth amid economic challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.