Brokerages forecast that Potbelly Co. (NASDAQ:PBPB) will report sales of $99.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Potbelly’s earnings. The lowest sales estimate is $98.30 million and the highest is $99.70 million. Potbelly posted sales of $56.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 76.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Potbelly will report full year sales of $381.20 million for the current fiscal year, with estimates ranging from $379.80 million to $382.60 million. For the next fiscal year, analysts forecast that the business will post sales of $411.10 million, with estimates ranging from $395.80 million to $426.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Potbelly.
Potbelly (NASDAQ:PBPB) last issued its quarterly earnings results on Thursday, May 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.02. Potbelly had a negative return on equity of 71.11% and a negative net margin of 15.81%.
Shares of Potbelly stock traded down $0.21 during trading hours on Friday, reaching $6.90. 115,289 shares of the company’s stock were exchanged, compared to its average volume of 163,751. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $192.97 million, a price-to-earnings ratio of -3.27 and a beta of 1.60. The company has a fifty day moving average of $6.23 and a 200-day moving average of $5.19. Potbelly has a 52-week low of $1.78 and a 52-week high of $7.74.
In related news, CEO Robert D. Wright sold 132,149 shares of the stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $5.58, for a total transaction of $737,391.42. Following the completion of the sale, the chief executive officer now owns 738,405 shares of the company’s stock, valued at approximately $4,120,299.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marla C. Gottschalk sold 4,200 shares of the stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $7.40, for a total transaction of $31,080.00. Following the sale, the director now directly owns 144,221 shares of the company’s stock, valued at approximately $1,067,235.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 166,330 shares of company stock valued at $941,432. Corporate insiders own 4.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Partners purchased a new position in Potbelly in the 4th quarter worth approximately $614,000. Russell Investments Group Ltd. purchased a new position in Potbelly in the 4th quarter worth approximately $2,608,000. BlackRock Inc. boosted its holdings in Potbelly by 0.6% in the 4th quarter. BlackRock Inc. now owns 569,736 shares of the company’s stock worth $2,506,000 after acquiring an additional 3,357 shares during the period. Assenagon Asset Management S.A. purchased a new position in Potbelly in the 1st quarter worth approximately $467,000. Finally, Morgan Stanley boosted its holdings in Potbelly by 56.7% in the 3rd quarter. Morgan Stanley now owns 283,079 shares of the company’s stock worth $1,072,000 after acquiring an additional 102,414 shares during the period. Hedge funds and other institutional investors own 45.60% of the company’s stock.
Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly 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 December 27, 2020, the company operated approximately 400 shops and 46 franchisees operated shops in the United States.
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