Analysts forecast that Potbelly Corp (NASDAQ:PBPB) will announce $103.32 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Potbelly’s earnings, with the lowest sales estimate coming in at $102.10 million and the highest estimate coming in at $104.40 million. Potbelly reported sales of $112.15 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, February 25th.
According to Zacks, analysts expect that Potbelly will report full year sales of $423.54 million for the current fiscal year, with estimates ranging from $422.30 million to $424.60 million. For the next fiscal year, analysts forecast that the firm will report sales of $429.91 million, with estimates ranging from $426.60 million to $434.63 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Potbelly.
Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Friday, November 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Potbelly had a positive return on equity of 7.35% and a negative net margin of 2.72%. The firm had revenue of $107.00 million during the quarter, compared to the consensus estimate of $109.82 million. During the same period last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year.
Several research analysts recently issued reports on PBPB shares. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. BidaskClub cut Potbelly from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. TheStreet cut Potbelly from a “c” rating to a “d+” rating in a research note on Monday, November 12th. Maxim Group reissued a “buy” rating and issued a $12.00 price objective on shares of Potbelly in a research note on Monday, January 28th. Finally, ValuEngine cut Potbelly from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.88.
Shares of NASDAQ:PBPB opened at $8.40 on Friday. Potbelly has a 52-week low of $7.71 and a 52-week high of $14.15. The company has a market capitalization of $208.66 million, a P/E ratio of 27.10, a PEG ratio of 1.52 and a beta of 1.00.
In other Potbelly news, SVP Matthew J. Revord sold 18,200 shares of the stock in a transaction on Friday, January 4th. The stock was sold at an average price of $8.15, for a total transaction of $148,330.00. Following the sale, the senior vice president now owns 18,010 shares of the company’s stock, valued at approximately $146,781.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 21,800 shares of company stock worth $177,670 in the last ninety days. Insiders own 10.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Putnam Investments LLC boosted its position in Potbelly by 31.2% during the 3rd quarter. Putnam Investments LLC now owns 177,690 shares of the company’s stock valued at $2,186,000 after acquiring an additional 42,220 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Potbelly by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,800 shares of the company’s stock valued at $1,500,000 after acquiring an additional 9,647 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Potbelly during the 3rd quarter valued at $213,000. Prudential Financial Inc. bought a new stake in Potbelly during the 3rd quarter valued at $213,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Potbelly during the 3rd quarter valued at $456,000. 75.03% of the stock is currently owned by institutional investors and hedge funds.
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 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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