Analysts expect that Potbelly Corp (NASDAQ:PBPB) will report sales of $106.55 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Potbelly’s earnings. The highest sales estimate is $106.60 million and the lowest is $106.50 million. Potbelly posted sales of $110.35 million during the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The company is scheduled to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that Potbelly will report full year sales of $412.10 million for the current year, with estimates ranging from $411.60 million to $412.60 million. For the next year, analysts expect that the firm will post sales of $420.85 million, with estimates ranging from $416.70 million to $425.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Potbelly.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.08). Potbelly had a negative net margin of 6.01% and a positive return on equity of 3.85%. The company had revenue of $98.09 million during the quarter, compared to the consensus estimate of $100.96 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year.

PBPB has been the subject of several analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Potbelly in a research note on Monday, January 28th. Bank of America set a $9.00 price objective on Potbelly and gave the company a “sell” rating in a report on Tuesday, February 26th. Finally, Zacks Investment Research raised Potbelly from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a report on Friday, January 25th. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average target price of $8.92.

PBPB stock traded down $0.05 during midday trading on Friday, hitting $5.87. The company had a trading volume of 272,504 shares, compared to its average volume of 225,836. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.56 and a current ratio of 0.62. Potbelly has a 52 week low of $5.78 and a 52 week high of $14.15. The company has a market capitalization of $143.18 million, a P/E ratio of 20.24 and a beta of 1.04.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in Potbelly by 4.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,067,600 shares of the company’s stock worth $17,595,000 after purchasing an additional 96,900 shares during the period. Summit Global Investments raised its holdings in Potbelly by 26.7% in the 1st quarter. Summit Global Investments now owns 89,344 shares of the company’s stock worth $760,000 after purchasing an additional 18,844 shares during the period. Kennedy Capital Management Inc. raised its holdings in Potbelly by 15.7% in the 1st quarter. Kennedy Capital Management Inc. now owns 618,248 shares of the company’s stock worth $5,261,000 after purchasing an additional 84,093 shares during the period. Wells Fargo & Company MN raised its holdings in Potbelly by 3.1% in the 1st quarter. Wells Fargo & Company MN now owns 80,412 shares of the company’s stock worth $684,000 after purchasing an additional 2,380 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new position in Potbelly in the 1st quarter worth about $99,000. 71.22% of the stock is owned by institutional investors.

Potbelly Company Profile

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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