Analysts expect that Potbelly Corp (NASDAQ:PBPB) will report earnings per share of $0.08 for the current quarter, according to Zacks. Two analysts have made estimates for Potbelly’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.05. Potbelly posted earnings per share of $0.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.5%. The business is scheduled to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that Potbelly will report full-year earnings of ($0.03) per share for the current year, with EPS estimates ranging from ($0.06) to $0.00. For the next financial year, analysts expect that the firm will post earnings of $0.15 per share, with EPS estimates ranging from $0.12 to $0.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Potbelly.

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

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Potbelly from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Maxim Group lowered Potbelly from a “buy” rating to a “hold” rating and decreased their target price for the company from $11.00 to $8.00 in a report on Wednesday, May 8th. Finally, Bank of America set a $9.00 target price on Potbelly and gave the company a “sell” rating in a report on Tuesday, February 26th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $8.92.

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of Potbelly by 15.8% in the third quarter. Wells Fargo & Company MN now owns 76,937 shares of the company’s stock valued at $947,000 after buying an additional 10,494 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Potbelly by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,258 shares of the company’s stock valued at $17,937,000 after purchasing an additional 33,158 shares in the last quarter. Jane Street Group LLC acquired a new stake in Potbelly during the third quarter worth about $137,000. Vanguard Group Inc. raised its stake in Potbelly by 6.1% during 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 during the period. Finally, Vanguard Group Inc increased its stake in shares of Potbelly by 6.1% in the third quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock valued at $16,119,000 after purchasing an additional 75,769 shares during the period. Institutional investors own 71.22% of the company’s stock.

Potbelly stock traded down $0.05 during mid-day trading on Wednesday, hitting $5.87. 272,504 shares of the stock were exchanged, 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 12 month low of $5.78 and a 12 month high of $14.15. The firm has a market cap of $143.18 million, a price-to-earnings ratio of 20.24 and a beta of 1.04.

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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