Potbelly (NASDAQ:PBPB - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Potbelly to post earnings of $0.05 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.
Potbelly (NASDAQ:PBPB - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Potbelly had a net margin of 7.58% and a return on equity of 21.42%. The company had revenue of $119.70 million for the quarter, compared to analysts' expectations of $119.00 million. During the same quarter last year, the company earned $0.07 EPS. On average, analysts expect Potbelly to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Potbelly Trading Down 1.7 %
Shares of NASDAQ:PBPB traded down $0.13 on Thursday, reaching $7.38. 198,979 shares of the company traded hands, compared to its average volume of 229,928. The stock has a market capitalization of $220.96 million, a P/E ratio of 6.25 and a beta of 1.19. The business's 50-day simple moving average is $8.02 and its 200 day simple moving average is $8.21. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.08. Potbelly has a 52 week low of $6.28 and a 52 week high of $14.36.
Insider Activity at Potbelly
In other news, major shareholder Nierenberg Investment Manageme bought 45,772 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $6.48 per share, for a total transaction of $296,602.56. Following the purchase, the insider now directly owns 1,546,211 shares in the company, valued at $10,019,447.28. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.10% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have commented on PBPB shares. Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Potbelly in a research note on Monday, August 12th. Craig Hallum lowered their price target on shares of Potbelly from $20.00 to $16.00 and set a "buy" rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Potbelly has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.
Check Out Our Latest Stock Analysis on PBPB
About Potbelly
(
Get Free Report)
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
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