Wall Street analysts expect Potbelly Corporation (NASDAQ:PBPB) to report $111.89 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Potbelly’s earnings, with the lowest sales estimate coming in at $110.60 million and the highest estimate coming in at $113.18 million. Potbelly posted sales of $102.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The business is expected to announce its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Potbelly will report full year sales of $111.89 million for the current fiscal year, with estimates ranging from $426.60 million to $429.15 million. For the next year, analysts anticipate that the firm will report sales of $435.59 million per share, with estimates ranging from $427.90 million to $441.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Potbelly.

Potbelly (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $106.10 million for the quarter, compared to analyst estimates of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS.

PBPB has been the topic of several research reports. BidaskClub lowered Potbelly from a “sell” rating to a “strong sell” rating in a research report on Friday, December 22nd. Maxim Group restated a “hold” rating and set a $11.00 price target on shares of Potbelly in a research report on Friday, November 3rd. Zacks Investment Research upgraded Potbelly from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Potbelly in a research report on Friday, October 20th. Finally, Piper Jaffray Companies upgraded Potbelly from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.50.

Shares of Potbelly (PBPB) remained flat at $$13.15 during mid-day trading on Friday. The company had a trading volume of 101,764 shares, compared to its average volume of 154,135. Potbelly has a fifty-two week low of $10.50 and a fifty-two week high of $14.28. The stock has a market capitalization of $326.18, a P/E ratio of 146.13, a price-to-earnings-growth ratio of 1.84 and a beta of 0.93.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBPB. Vivaldi Asset Management LLC boosted its position in shares of Potbelly by 179.5% during the third quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock valued at $12,352,000 after purchasing an additional 639,750 shares in the last quarter. 1060 Capital LLC purchased a new position in Potbelly during the third quarter valued at $6,027,000. Dimensional Fund Advisors LP raised its stake in Potbelly by 28.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock valued at $15,518,000 after buying an additional 280,835 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Potbelly by 17.6% during the third quarter. Stephens Investment Management Group LLC now owns 778,452 shares of the company’s stock valued at $9,653,000 after buying an additional 116,582 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its stake in Potbelly by 713.9% during the second quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock valued at $1,198,000 after buying an additional 91,380 shares during the last quarter. Institutional investors own 73.29% of the company’s stock.

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Potbelly 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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