Equities analysts expect Potbelly Corp (NASDAQ:PBPB) to post $109.15 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Potbelly’s earnings, with the lowest sales estimate coming in at $109.10 million and the highest estimate coming in at $109.20 million. Potbelly posted sales of $106.13 million in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings report on Friday, November 2nd.

On average, analysts expect that Potbelly will report full year sales of $429.80 million for the current financial year, with estimates ranging from $429.70 million to $429.90 million. For the next fiscal year, analysts expect that the firm will report sales of $435.40 million, with estimates ranging from $434.10 million to $436.70 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Potbelly.

Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, August 7th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $110.35 million during the quarter, compared to analysts’ expectations of $112.85 million. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%.

Several research analysts have issued reports on PBPB shares. BidaskClub upgraded Potbelly from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research lowered Potbelly from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, ValuEngine upgraded Potbelly from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.00.

A number of large investors have recently made changes to their positions in PBPB. Confluence Investment Management LLC lifted its holdings in shares of Potbelly by 3.5% in the second quarter. Confluence Investment Management LLC now owns 350,763 shares of the company’s stock valued at $4,543,000 after purchasing an additional 11,944 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Potbelly in the second quarter valued at approximately $152,000. Stephens Investment Management Group LLC lifted its holdings in shares of Potbelly by 36.8% in the second quarter. Stephens Investment Management Group LLC now owns 900,709 shares of the company’s stock valued at $11,844,000 after purchasing an additional 242,123 shares in the last quarter. Spark Investment Management LLC lifted its holdings in shares of Potbelly by 151.2% in the second quarter. Spark Investment Management LLC now owns 64,800 shares of the company’s stock valued at $839,000 after purchasing an additional 39,000 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Potbelly by 219.0% in the second quarter. GSA Capital Partners LLP now owns 49,127 shares of the company’s stock valued at $636,000 after purchasing an additional 33,728 shares in the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

Shares of NASDAQ:PBPB opened at $12.50 on Thursday. The company has a market capitalization of $314.40 million, a price-to-earnings ratio of 40.00, a PEG ratio of 1.92 and a beta of 0.81. Potbelly has a 52-week low of $11.05 and a 52-week high of $14.15.

Potbelly Company Profile

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 February 23, 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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Earnings History and Estimates for Potbelly (NASDAQ:PBPB)

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