Potbelly (NASDAQ:PBPB) announced its quarterly earnings results on Friday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02), MarketWatch Earnings reports. The company had revenue of $107.00 million for the quarter, compared to analyst estimates of $109.82 million. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%. Potbelly’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. Potbelly updated its FY 2018 guidance to $0.26-0.27 EPS and its FY18 guidance to $0.26-0.27 EPS.
NASDAQ:PBPB opened at $10.86 on Friday. Potbelly has a 52 week low of $10.00 and a 52 week high of $14.15. The stock has a market cap of $298.11 million, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.82 and a beta of 0.78.
Several brokerages have weighed in on PBPB. ValuEngine raised Potbelly from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. BidaskClub upgraded Potbelly from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Zacks Investment Research upgraded Potbelly from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, Maxim Group upgraded Potbelly from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $15.00 in a research report on Wednesday, October 10th.
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 August 7, 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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