Equities analysts expect Potbelly Corp (NASDAQ:PBPB) to report sales of $105.35 million for the current quarter, Zacks reports. Two analysts have issued estimates for Potbelly’s earnings, with the lowest sales estimate coming in at $104.30 million and the highest estimate coming in at $106.40 million. Potbelly reported sales of $107.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is expected to announce its next quarterly earnings report on Friday, November 8th.
According to Zacks, analysts expect that Potbelly will report full-year sales of $411.65 million for the current fiscal year, with estimates ranging from $409.10 million to $414.20 million. For the next year, analysts forecast that the business will report sales of $419.15 million, with estimates ranging from $419.10 million to $419.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Potbelly.
Potbelly (NASDAQ:PBPB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). Potbelly had a positive return on equity of 0.10% and a negative net margin of 6.45%. The business had revenue of $105.60 million during the quarter, compared to analyst estimates of $106.01 million. During the same quarter last year, the firm earned $0.13 EPS. Potbelly’s revenue for the quarter was down 4.3% compared to the same quarter last year.
Several analysts have weighed in on PBPB shares. ValuEngine upgraded shares of Potbelly from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Maxim Group set a $4.00 price objective on shares of Potbelly and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Potbelly from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.58.
Potbelly stock traded up $0.02 during midday trading on Thursday, hitting $4.03. The company’s stock had a trading volume of 187,084 shares, compared to its average volume of 247,799. Potbelly has a 1-year low of $3.10 and a 1-year high of $12.40. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.62 and a quick ratio of 0.56. The company has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $5.40. The company has a market cap of $93.42 million, a price-to-earnings ratio of 13.90 and a beta of 1.22.
Several large investors have recently modified their holdings of PBPB. Royal Bank of Canada grew its position in Potbelly by 469.0% during the second quarter. Royal Bank of Canada now owns 28,764 shares of the company’s stock valued at $146,000 after buying an additional 23,709 shares during the period. Walleye Trading LLC bought a new position in Potbelly during the second quarter valued at about $67,000. Engine Capital Management LP grew its position in Potbelly by 213.8% during the second quarter. Engine Capital Management LP now owns 425,020 shares of the company’s stock valued at $2,163,000 after buying an additional 289,592 shares during the period. D. E. Shaw & Co. Inc. grew its position in Potbelly by 34.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 396,388 shares of the company’s stock valued at $2,018,000 after buying an additional 100,979 shares during the period. Finally, Marshall Wace LLP bought a new position in Potbelly during the second quarter valued at about $66,000. Institutional investors own 60.47% of the company’s stock.
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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