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."

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