P.F. Chang's has been a private company since PE shop Centerbridge Partners bought it out for $1.1 billion in 2012. 

But, that ownership could change in the not too distant future as Centerbridge looks to cash in on hot stock markets.

"I am really agnostic, I am perfectly aligned with my owners -- what we want to do is to have an exit that's in the best interest of all shareholders," P.F. Chang's CEO Michael Osanloo told TheStreet. "I think we have a very compelling IPO story, but I feel we would benefit from another 18 months or two years under private ownership to continue to fine tune the business."

More of What's Trending on TheStreet :

More from Video

It's Still Netflix and Chill on Wall Street

It's Still Netflix and Chill on Wall Street

Video: Here's How Goldman Sachs May Change Under David Solomon

Video: Here's How Goldman Sachs May Change Under David Solomon

3 Reasons Why Netflix Bulls Are Getting Their Face Ripped Off After Earnings

3 Reasons Why Netflix Bulls Are Getting Their Face Ripped Off After Earnings

Shark Tank Star Kevin O'Leary Reveals Why Stocks Haven't Corrected Recently

Shark Tank Star Kevin O'Leary Reveals Why Stocks Haven't Corrected Recently

Podcast: How Exchange Traded Funds Can Obliterate a Stock Sector

Podcast: How Exchange Traded Funds Can Obliterate a Stock Sector