“Potbelly (PBPB) announced 3Q17 (September) pro forma EPS of $0.07, which matched our $0.07 estimate and was above the $0.06 Street mean. However, PBPB’s same-restaurant sales of -4.8% were below our -3.5% estimate but in line with the -4.8% Street mean. Management maintained 2017 pro forma EPS guidance of $0.30-$0.33, as well as its forecasts for same-restaurant sales and new unit growth.”,” the firm’s analyst wrote.
A number of other equities research analysts have also commented on PBPB. BidaskClub lowered Potbelly Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Potbelly Corporation from a sell rating to a hold rating in a research report on Wednesday, August 30th. Robert W. Baird reiterated a hold rating and issued a $13.00 price target on shares of Potbelly Corporation in a research report on Tuesday, September 19th. Finally, Piper Jaffray Companies upgraded Potbelly Corporation from a neutral rating to an overweight rating and upped their price target for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Potbelly Corporation presently has an average rating of Hold and a consensus price target of $13.67.
Potbelly Corporation (PBPB) traded up $0.75 during trading on Friday, reaching $11.80. 294,652 shares of the company’s stock were exchanged, compared to its average volume of 276,297. Potbelly Corporation has a 1 year low of $10.50 and a 1 year high of $14.55. The firm has a market capitalization of $274.09, a P/E ratio of 29.08, a PEG ratio of 1.77 and a beta of 0.90.
Potbelly Corporation (NASDAQ:PBPB) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Potbelly Corporation had a return on equity of 7.76% and a net margin of 0.54%. The firm had revenue of $106.10 million for the quarter, compared to analyst estimates of $107.75 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business’s revenue was up 2.2% on a year-over-year basis. equities analysts forecast that Potbelly Corporation will post 0.31 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in PBPB. Vivaldi Asset Management LLC bought a new stake in shares of Potbelly Corporation during the 2nd quarter valued at about $4,098,000. Dimensional Fund Advisors LP boosted its position in shares of Potbelly Corporation by 34.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock valued at $11,162,000 after purchasing an additional 250,465 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Potbelly Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock valued at $27,879,000 after purchasing an additional 97,420 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Potbelly Corporation by 11.8% during the 2nd quarter. Tributary Capital Management LLC now owns 880,947 shares of the company’s stock valued at $10,131,000 after purchasing an additional 92,689 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its position in shares of Potbelly Corporation by 713.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock valued at $1,198,000 after purchasing an additional 91,380 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.
Potbelly Corporation 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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