Potbelly Corp (NASDAQ:PBPB) – Equities research analysts at Piper Jaffray Companies lowered their Q1 2019 earnings estimates for shares of Potbelly in a report issued on Sunday, March 24th. Piper Jaffray Companies analyst N. Regan now anticipates that the company will earn ($0.04) per share for the quarter, down from their previous estimate of ($0.01). Piper Jaffray Companies also issued estimates for Potbelly’s Q4 2019 earnings at $0.06 EPS, Q2 2020 earnings at $0.15 EPS and Q4 2020 earnings at $0.07 EPS.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings data on Monday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $102.37 million during the quarter, compared to the consensus estimate of $103.65 million. Potbelly had a negative net margin of 2.10% and a positive return on equity of 6.81%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share.

Several other research firms also recently weighed in on PBPB. Maxim Group reaffirmed a “buy” rating and issued a $11.00 price objective (down previously from $12.00) on shares of Potbelly in a report on Tuesday, February 26th. Zacks Investment Research raised shares of Potbelly from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a report on Saturday, March 2nd. Bank of America set a $9.00 price objective on shares of Potbelly and gave the stock a “sell” rating in a report on Tuesday, February 26th. BidaskClub downgraded shares of Potbelly from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. Finally, ValuEngine downgraded shares of Potbelly from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.92.

PBPB stock opened at $8.68 on Wednesday. The stock has a market capitalization of $209.38 million, a P/E ratio of 29.93, a P/E/G ratio of 2.05 and a beta of 1.03. Potbelly has a fifty-two week low of $7.71 and a fifty-two week high of $14.15.

In other Potbelly news, SVP Matthew J. Revord sold 18,200 shares of the business’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $8.15, for a total value of $148,330.00. Following the sale, the senior vice president now directly owns 18,010 shares in the company, valued at $146,781.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in Potbelly by 1.6% in the third quarter. Renaissance Technologies LLC now owns 2,161,600 shares of the company’s stock worth $26,588,000 after acquiring an additional 33,300 shares in the last quarter. BlackRock Inc. raised its position in Potbelly by 2.4% in the fourth quarter. BlackRock Inc. now owns 1,696,625 shares of the company’s stock worth $13,657,000 after acquiring an additional 39,857 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Potbelly by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,458,258 shares of the company’s stock worth $17,937,000 after acquiring an additional 33,158 shares in the last quarter. Vanguard Group Inc. raised its position in Potbelly by 6.1% in the third quarter. Vanguard Group Inc. now owns 1,310,489 shares of the company’s stock worth $16,119,000 after acquiring an additional 75,769 shares in the last quarter. Finally, Vanguard Group Inc raised its position in Potbelly by 6.1% in the third quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock worth $16,119,000 after acquiring an additional 75,769 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

About Potbelly

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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Earnings History and Estimates for Potbelly (NASDAQ:PBPB)

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