Equities research analysts expect that Potbelly Corporation (NASDAQ:PBPB) will post earnings of $0.12 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Potbelly Corporation’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. Potbelly Corporation reported earnings per share of $0.15 in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Potbelly Corporation will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.38. For the next year, analysts anticipate that the business will post earnings of $0.42 per share, with EPS estimates ranging from $0.40 to $0.44. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Potbelly Corporation.
Potbelly Corporation (NASDAQ:PBPB) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Potbelly Corporation had a net margin of 1.89% and a return on equity of 9.73%. The business had revenue of $101.70 million for the quarter, compared to analyst estimates of $102.78 million.
A number of brokerages have commented on PBPB. Zacks Investment Research upgraded Potbelly Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, April 25th. TheStreet raised Potbelly Corporation from a “c+” rating to a “b-” rating in a research note on Friday, March 31st. Maxim Group downgraded Potbelly Corporation from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $13.00 in a research note on Wednesday, May 3rd. Finally, William Blair downgraded Potbelly Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.00.
In other news, Director Peter A. Bassi purchased 8,650 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was bought at an average cost of $11.47 per share, with a total value of $99,215.50. Following the purchase, the director now directly owns 19,287 shares of the company’s stock, valued at $221,221.89. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vivaldi Capital Management LLC bought a new position in shares of Potbelly Corporation during the first quarter worth $3,285,682,000. Dimensional Fund Advisors LP increased its position in shares of Potbelly Corporation by 33.5% in the first quarter. Dimensional Fund Advisors LP now owns 720,117 shares of the company’s stock worth $10,010,000 after buying an additional 180,515 shares during the last quarter. Tributary Capital Management LLC increased its position in shares of Potbelly Corporation by 24.5% in the first quarter. Tributary Capital Management LLC now owns 788,258 shares of the company’s stock worth $10,957,000 after buying an additional 155,095 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Potbelly Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock worth $27,879,000 after buying an additional 97,420 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Potbelly Corporation by 52.6% in the first quarter. Bank of New York Mellon Corp now owns 243,758 shares of the company’s stock worth $3,389,000 after buying an additional 83,992 shares during the last quarter. 73.86% of the stock is currently owned by institutional investors and hedge funds.
Potbelly Corporation (PBPB) traded down 0.41% during midday trading on Wednesday, hitting $12.15. 387,138 shares of the company traded hands. The stock has a 50 day moving average of $11.36 and a 200 day moving average of $12.80. The stock has a market cap of $304.30 million, a P/E ratio of 40.37 and a beta of 0.91. Potbelly Corporation has a 12-month low of $10.50 and a 12-month high of $14.55.
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About Potbelly Corporation
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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