$109.15 Million in Sales Expected for Potbelly Corp (PBPB) This Quarter

Equities research analysts predict that Potbelly Corp (NASDAQ:PBPB) will post sales of $109.15 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Potbelly’s earnings, with estimates ranging from $109.10 million to $109.20 million. Potbelly posted sales of $106.13 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The business is expected to issue its next earnings results on Friday, November 2nd.

On average, analysts expect that Potbelly will report full year sales of $429.75 million for the current year, with estimates ranging from $429.60 million to $429.90 million. For the next fiscal year, analysts expect that the company will post sales of $435.40 million per share, with estimates ranging from $434.10 million to $436.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Potbelly.

Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, August 7th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $110.35 million for the quarter, compared to analysts’ expectations of $112.85 million. Potbelly had a negative net margin of 2.33% and a positive return on equity of 6.70%.



A number of research firms have recently issued reports on PBPB. Zacks Investment Research upgraded Potbelly from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, April 26th. Maxim Group lifted their target price on Potbelly from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, May 9th. ValuEngine raised Potbelly from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, BidaskClub raised Potbelly from a “strong sell” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.00.

Potbelly stock traded up $0.12 during trading hours on Tuesday, hitting $12.88. 113,674 shares of the company traded hands, compared to its average volume of 126,814. The stock has a market cap of $324.58 million, a price-to-earnings ratio of 41.13, a PEG ratio of 1.73 and a beta of 0.76. Potbelly has a 1-year low of $10.98 and a 1-year high of $13.75.

In other Potbelly news, SVP Julie Younglove-Webb sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the transaction, the senior vice president now owns 15,617 shares in the company, valued at $204,582.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC purchased a new stake in shares of Potbelly in the second quarter valued at approximately $146,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Potbelly in the second quarter valued at approximately $152,000. MetLife Investment Advisors LLC purchased a new stake in shares of Potbelly in the fourth quarter valued at approximately $154,000. Macquarie Group Ltd. purchased a new stake in shares of Potbelly in the fourth quarter valued at approximately $166,000. Finally, Granite Investment Partners LLC purchased a new stake in shares of Potbelly in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

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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Earnings History and Estimates for Potbelly (NASDAQ:PBPB)

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