Equities analysts predict that Potbelly Corp (NASDAQ:PBPB) will post earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Potbelly’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.01. Potbelly posted earnings per share of $0.08 in the same quarter last year, which would suggest a negative year-over-year growth rate of 75%. The company is expected to report its next quarterly earnings report on Friday, February 22nd.
On average, analysts expect that Potbelly will report full-year earnings of $0.26 per share for the current year, with EPS estimates ranging from $0.26 to $0.27. For the next year, analysts anticipate that the firm will report earnings of $0.31 per share, with EPS estimates ranging from $0.21 to $0.37. Zacks’ EPS calculations are an average based on a survey of research firms that follow Potbelly.
Potbelly (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The business had revenue of $107.00 million during the quarter, compared to the consensus estimate of $109.82 million. Potbelly had a positive return on equity of 7.35% and a negative net margin of 2.72%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share.
Several equities analysts have commented on PBPB shares. Zacks Investment Research raised shares of Potbelly from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. BidaskClub downgraded shares of Potbelly from a “sell” rating to a “strong sell” rating in a research report on Friday, October 5th. Maxim Group raised shares of Potbelly from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $15.00 in a research report on Wednesday, October 10th. TheStreet downgraded shares of Potbelly from a “c” rating to a “d+” rating in a research report on Monday, November 12th. Finally, ValuEngine raised shares of Potbelly from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Potbelly currently has a consensus rating of “Hold” and an average price target of $14.00.
Potbelly stock traded up $0.10 during mid-day trading on Monday, hitting $8.56. 116,566 shares of the company’s stock were exchanged, compared to its average volume of 196,887. The company has a market capitalization of $212.67 million, a price-to-earnings ratio of 27.61, a PEG ratio of 1.58 and a beta of 0.98. Potbelly has a 1-year low of $7.71 and a 1-year high of $14.15.
In other Potbelly news, SVP Matthew J. Revord sold 18,200 shares of the stock in a transaction on Friday, January 4th. The shares were sold at an average price of $8.15, for a total transaction of $148,330.00. Following the transaction, the senior vice president now directly owns 18,010 shares of the company’s stock, valued at $146,781.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 21,800 shares of company stock worth $177,670 over the last three months. Company insiders own 10.20% of the company’s stock.
Several large investors have recently modified their holdings of the company. First Trust Advisors LP grew its position in shares of Potbelly by 21.0% in the second quarter. First Trust Advisors LP now owns 27,106 shares of the company’s stock valued at $351,000 after purchasing an additional 4,711 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Potbelly by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 115,800 shares of the company’s stock valued at $1,500,000 after purchasing an additional 9,647 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Potbelly by 15.8% in the third quarter. Wells Fargo & Company MN now owns 76,937 shares of the company’s stock valued at $947,000 after purchasing an additional 10,494 shares during the last quarter. Blair William & Co. IL grew its position in shares of Potbelly by 3.2% in the third quarter. Blair William & Co. IL now owns 355,414 shares of the company’s stock valued at $4,372,000 after purchasing an additional 11,127 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Potbelly in the third quarter valued at about $137,000. 76.08% of the stock is currently owned by institutional investors.
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 November 9, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.
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