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

Wall Street analysts expect Potbelly Corp (NASDAQ:PBPB) to announce sales of $109.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Potbelly’s earnings. The lowest sales estimate is $109.10 million and the highest is $109.20 million. Potbelly posted sales of $106.13 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The business is scheduled to report its next earnings report on Friday, November 2nd.

According to Zacks, analysts expect that Potbelly will report full year sales of $429.75 million for the current financial year, with estimates ranging from $429.60 million to $429.90 million. For the next year, analysts forecast that the company will report 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 an average based on a survey of research analysts that that provide coverage for Potbelly.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%. The firm had revenue of $110.35 million during the quarter, compared to analysts’ expectations of $112.85 million.



A number of research firms have recently issued reports on PBPB. ValuEngine cut Potbelly from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research note on Saturday. Maxim Group boosted their target price on Potbelly from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, May 9th. Finally, BidaskClub lowered Potbelly from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Potbelly currently has a consensus rating of “Hold” and a consensus price target of $14.00.

In other news, SVP Julie Younglove-Webb sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of PBPB. Quantitative Systematic Strategies LLC acquired a new position in shares of Potbelly in the second quarter valued at approximately $146,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Potbelly in the second quarter valued at approximately $152,000. MetLife Investment Advisors LLC acquired a new position in shares of Potbelly in the fourth quarter valued at approximately $154,000. Macquarie Group Ltd. acquired a new position in shares of Potbelly in the fourth quarter valued at approximately $166,000. Finally, Granite Investment Partners LLC purchased a new stake in Potbelly in the second quarter valued at approximately $200,000. 70.01% of the stock is currently owned by institutional investors.

Shares of Potbelly traded up $0.12, reaching $12.88, during midday trading on Tuesday, according to MarketBeat. The stock had a trading volume of 113,674 shares, compared to its average volume of 126,814. Potbelly has a 12-month low of $10.98 and a 12-month high of $13.75. The stock has a market capitalization of $324.58 million, a P/E ratio of 41.13, a PEG ratio of 1.73 and a beta of 0.76.

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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