Analysts Anticipate Potbelly Corp (PBPB) Will Post Quarterly Sales of $102.70 Million

Equities research analysts expect Potbelly Corp (NASDAQ:PBPB) to announce $102.70 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Potbelly’s earnings, with the highest sales estimate coming in at $104.20 million and the lowest estimate coming in at $101.20 million. Potbelly reported sales of $101.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The company is scheduled to announce its next earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Potbelly will report full year sales of $102.70 million for the current financial year, with estimates ranging from $435.00 million to $437.08 million. For the next fiscal year, analysts anticipate that the business will report sales of $445.30 million per share. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Potbelly.

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Potbelly (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Potbelly had a positive return on equity of 6.59% and a negative net margin of 1.62%. The business had revenue of $112.15 million for the quarter, compared to the consensus estimate of $112.91 million. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Potbelly from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Maxim Group reaffirmed a “hold” rating and issued a $13.00 target price (up previously from $12.00) on shares of Potbelly in a report on Monday, December 4th. Finally, BidaskClub lowered Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.25.

In other Potbelly news, insider Anne Ewing sold 9,220 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $13.16, for a total value of $121,335.20. Following the sale, the insider now owns 13,088 shares of the company’s stock, valued at approximately $172,238.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.60% of the company’s stock.

Several large investors have recently made changes to their positions in PBPB. Vivaldi Asset Management LLC grew its holdings in shares of Potbelly by 179.5% during the 3rd quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock worth $12,352,000 after purchasing an additional 639,750 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Potbelly by 28.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock worth $15,518,000 after purchasing an additional 280,835 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Potbelly by 17.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 778,452 shares of the company’s stock worth $9,653,000 after purchasing an additional 116,582 shares in the last quarter. Fondren Management LP acquired a new stake in shares of Potbelly during the 4th quarter worth approximately $947,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Potbelly during the 4th quarter worth approximately $638,000. 70.46% of the stock is currently owned by institutional investors.

Potbelly stock traded down $0.35 on Thursday, reaching $12.35. The company’s stock had a trading volume of 133,796 shares, compared to its average volume of 236,967. The firm has a market cap of $310.07, a price-to-earnings ratio of -44.11, a P/E/G ratio of 1.68 and a beta of 0.74. Potbelly has a 12-month low of $10.50 and a 12-month high of $14.28.

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Potbelly Company Profile

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

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