Potbelly Corp (NASDAQ:PBPB) – Equities researchers at William Blair lowered their Q1 2019 earnings per share (EPS) estimates for Potbelly in a research report issued on Tuesday, January 22nd. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.03. William Blair also issued estimates for Potbelly’s Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.04 EPS.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Friday, November 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $107.00 million for the quarter, compared to the consensus estimate of $109.82 million. Potbelly had a negative net margin of 2.72% and a positive return on equity of 7.35%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share.

PBPB has been the topic of a number of other reports. Zacks Investment Research cut Potbelly from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. BidaskClub upgraded Potbelly from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. ValuEngine cut Potbelly from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Maxim Group upgraded Potbelly from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $15.00 in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.00.

PBPB opened at $8.55 on Wednesday. The company has a market cap of $212.67 million, a PE ratio of 27.58, a PEG ratio of 1.58 and a beta of 0.98. Potbelly has a 1 year low of $7.71 and a 1 year high of $14.15.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBPB. First Trust Advisors LP grew its position in Potbelly by 21.0% in the second quarter. First Trust Advisors LP now owns 27,106 shares of the company’s stock valued at $351,000 after acquiring an additional 4,711 shares during the period. Schwab Charles Investment Management Inc. grew its position in Potbelly by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 115,800 shares of the company’s stock valued at $1,500,000 after acquiring an additional 9,647 shares during the period. Wells Fargo & Company MN grew its position in 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 acquiring an additional 10,494 shares during the period. Blair William & Co. IL grew its position in Potbelly by 3.2% in the third quarter. Blair William & Co. IL now owns 355,414 shares of the company’s stock valued at $4,372,000 after acquiring an additional 11,127 shares during the period. Finally, Jane Street Group LLC bought a new stake in Potbelly in the third quarter valued at $137,000. Institutional investors and hedge funds own 76.08% of the company’s stock.

In other news, SVP Matthew J. Revord sold 18,200 shares of the business’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $8.15, for a total transaction of $148,330.00. Following the sale, the senior vice president now directly owns 18,010 shares in the company, valued at $146,781.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 21,800 shares of company stock worth $177,670. 10.20% of the stock is currently owned by company insiders.

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 November 9, 2018, 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.

Recommended Story: How to Use the New Google Finance Tool

Receive News & Ratings for Potbelly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly and related companies with MarketBeat.com's FREE daily email newsletter.