Equities analysts expect Potbelly Corp (NASDAQ:PBPB) to post $64.10 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Potbelly’s earnings. The highest sales estimate is $65.80 million and the lowest is $62.40 million. Potbelly reported sales of $105.63 million during the same quarter last year, which would suggest a negative year over year growth rate of 39.3%. The business is expected to report its next quarterly earnings results on Tuesday, August 4th.

According to Zacks, analysts expect that Potbelly will report full year sales of $331.80 million for the current fiscal year, with estimates ranging from $320.00 million to $343.60 million. For the next fiscal year, analysts anticipate that the company will post sales of $376.70 million, with estimates ranging from $358.70 million to $394.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Potbelly.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.09). Potbelly had a negative return on equity of 10.47% and a negative net margin of 4.73%. The company had revenue of $87.59 million for the quarter, compared to analysts’ expectations of $89.20 million.

Several equities research analysts have recently commented on PBPB shares. ValuEngine cut Potbelly from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Investment Research upgraded Potbelly from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd.

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in Potbelly by 13.1% during the first quarter. Invesco Ltd. now owns 79,799 shares of the company’s stock worth $247,000 after acquiring an additional 9,238 shares during the period. Two Sigma Advisers LP acquired a new position in Potbelly during the first quarter worth $80,000. Wells Fargo & Company MN grew its holdings in Potbelly by 50.5% during the first quarter. Wells Fargo & Company MN now owns 61,700 shares of the company’s stock worth $191,000 after acquiring an additional 20,691 shares during the period. Geode Capital Management LLC grew its holdings in Potbelly by 2.4% during the first quarter. Geode Capital Management LLC now owns 330,905 shares of the company’s stock worth $1,022,000 after acquiring an additional 7,913 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Potbelly by 6.2% during the first quarter. Nuveen Asset Management LLC now owns 88,452 shares of the company’s stock worth $273,000 after acquiring an additional 5,184 shares during the period. 56.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Potbelly stock traded up $0.21 during trading hours on Thursday, hitting $2.36. 656,200 shares of the company were exchanged, compared to its average volume of 418,090. Potbelly has a 1 year low of $1.50 and a 1 year high of $6.00. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.61. The business has a 50-day moving average of $2.34 and a 200-day moving average of $3.54. The stock has a market capitalization of $51.20 million, a price-to-earnings ratio of -2.95 and a beta of 1.17.

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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