Brokerages expect Potbelly Corp (NASDAQ:PBPB) to announce sales of $112.85 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Potbelly’s earnings, with the highest sales estimate coming in at $112.90 million and the lowest estimate coming in at $112.80 million. Potbelly posted sales of $108.14 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The company is scheduled to report its next earnings results on Friday, August 3rd.
According to Zacks, analysts expect that Potbelly will report full year sales of $436.45 million for the current fiscal year, with estimates ranging from $435.30 million to $437.60 million. For the next financial year, analysts forecast that the business will post sales of $446.85 million per share, with estimates ranging from $445.10 million to $448.60 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Potbelly.
Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Potbelly had a negative net margin of 2.29% and a positive return on equity of 6.17%. The company had revenue of $102.90 million during the quarter, compared to analyst estimates of $103.22 million. During the same period last year, the firm posted $0.05 EPS. Potbelly’s revenue for the quarter was up 1.2% compared to the same quarter last year.
PBPB has been the subject of a number of recent research reports. Maxim Group reduced their price target on shares of Potbelly from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Monday, April 16th. Zacks Investment Research raised shares of Potbelly from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, April 26th. ValuEngine raised shares of Potbelly from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, BidaskClub raised shares of Potbelly from a “strong sell” rating to a “sell” rating in a research report on Friday, June 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.00.
In related news, SVP Julie Younglove-Webb sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the senior vice president now owns 15,617 shares of the company’s stock, valued at approximately $204,582.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PBPB. Fondren Management LP acquired a new stake in Potbelly during the 4th quarter worth $947,000. BlackRock Inc. boosted its stake in Potbelly by 1.3% during the 4th quarter. BlackRock Inc. now owns 1,738,361 shares of the company’s stock worth $21,382,000 after purchasing an additional 22,050 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Potbelly during the 4th quarter worth $638,000. Alliancebernstein L.P. boosted its stake in Potbelly by 124.1% during the 4th quarter. Alliancebernstein L.P. now owns 30,700 shares of the company’s stock worth $378,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Potbelly by 197.3% during the 4th quarter. Two Sigma Investments LP now owns 33,300 shares of the company’s stock worth $410,000 after purchasing an additional 22,100 shares during the last quarter. 70.15% of the stock is owned by institutional investors.
Potbelly traded up $0.10, reaching $13.20, during trading on Friday, according to Marketbeat.com. 78,851 shares of the company’s stock were exchanged, compared to its average volume of 176,335. Potbelly has a 1 year low of $10.60 and a 1 year high of $13.75. The firm has a market capitalization of $335.89 million, a PE ratio of 42.42, a P/E/G ratio of 1.76 and a beta of 0.80.
Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.
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