Brokerages predict that Potbelly Corp (NASDAQ:PBPB) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Potbelly’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.13. Potbelly posted earnings of $0.07 per share in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The business is scheduled to report its next earnings report on Friday, November 2nd.
On average, analysts expect that Potbelly will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.38. For the next year, analysts expect that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.37 to $0.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Potbelly.
Potbelly (NASDAQ:PBPB) last released its quarterly 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 analyst estimates of $112.85 million. Potbelly had a negative net margin of 2.33% and a positive return on equity of 6.70%.
Several equities analysts have commented on the stock. BidaskClub upgraded shares of Potbelly from a “strong sell” rating to a “sell” rating in a research note on Friday, June 15th. Zacks Investment Research upgraded shares of Potbelly from a “sell” rating to a “hold” rating in a research note on Saturday. Maxim Group dropped their price target on shares of Potbelly from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Monday, April 16th. Finally, ValuEngine downgraded shares of Potbelly from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.00.
In other news, SVP Julie Younglove-Webb sold 20,000 shares of Potbelly stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the sale, the senior vice president now directly 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 through the SEC website. 9.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Stephens Investment Management Group LLC raised its holdings in shares of Potbelly by 36.8% in the second quarter. Stephens Investment Management Group LLC now owns 900,709 shares of the company’s stock valued at $11,844,000 after buying an additional 242,123 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Potbelly by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,425,100 shares of the company’s stock valued at $18,455,000 after buying an additional 42,671 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Potbelly by 2.4% in the second quarter. BlackRock Inc. now owns 1,767,630 shares of the company’s stock valued at $22,892,000 after buying an additional 42,261 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Potbelly by 219.0% in the second quarter. GSA Capital Partners LLP now owns 49,127 shares of the company’s stock valued at $636,000 after buying an additional 33,728 shares during the last quarter. Finally, Spark Investment Management LLC raised its holdings in shares of Potbelly by 151.2% in the second quarter. Spark Investment Management LLC now owns 64,800 shares of the company’s stock valued at $839,000 after buying an additional 39,000 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.
Potbelly traded up $0.12, hitting $12.88, during trading on Friday, MarketBeat reports. The company had a trading volume of 113,674 shares, compared to its average volume of 126,814. Potbelly has a 1-year low of $10.98 and a 1-year high of $13.75. The company has a market capitalization of $324.58 million, a PE ratio of 41.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76.
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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