Analysts forecast that Potbelly Corp (NASDAQ:PBPB) will announce earnings per share (EPS) of ($0.02) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Potbelly’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.05). Potbelly posted earnings of $0.03 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 166.7%. The business is expected to report its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that Potbelly will report full-year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.24 to $0.32. For the next financial year, analysts expect that the business will report earnings of $0.30 per share, with EPS estimates ranging from $0.29 to $0.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Potbelly.
Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Monday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $102.37 million for the quarter, compared to analyst estimates of $103.65 million. Potbelly had a positive return on equity of 6.81% and a negative net margin of 2.10%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS.
A number of brokerages have weighed in on PBPB. Zacks Investment Research lowered Potbelly from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Bank of America set a $9.00 target price on Potbelly and gave the stock a “sell” rating in a research note on Tuesday, February 26th. Maxim Group restated a “buy” rating and issued a $11.00 target price (down from $12.00) on shares of Potbelly in a research note on Tuesday, February 26th. Finally, ValuEngine lowered Potbelly from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.92.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of Potbelly by 1.6% in the 3rd quarter. Renaissance Technologies LLC now owns 2,161,600 shares of the company’s stock worth $26,588,000 after purchasing an additional 33,300 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Potbelly by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,696,625 shares of the company’s stock worth $13,657,000 after purchasing an additional 39,857 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Potbelly by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,258 shares of the company’s stock worth $17,937,000 after purchasing an additional 33,158 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Potbelly by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock worth $16,119,000 after purchasing an additional 75,769 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Potbelly by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,310,489 shares of the company’s stock worth $16,119,000 after purchasing an additional 75,769 shares in the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.
NASDAQ PBPB traded up $0.12 during trading on Tuesday, reaching $8.92. The company’s stock had a trading volume of 134,386 shares, compared to its average volume of 175,530. The firm has a market capitalization of $214.98 million, a P/E ratio of 30.76, a P/E/G ratio of 1.91 and a beta of 1.03. Potbelly has a one year low of $7.71 and a one year high of $14.15.
Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, 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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