Potbelly (PBPB) Set to Announce Earnings on Wednesday

Posted by on Oct 25th, 2023

Potbelly (NASDAQ:PBPB – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Potbelly (NASDAQ:PBPB – Get Free Report) last released its earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $126.62 million during the quarter, compared to the consensus estimate of $127.10 million. Potbelly had a net margin of 2.60% and a return on equity of 131.76%. On average, analysts expect Potbelly to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Potbelly Price Performance

PBPB opened at $8.44 on Wednesday. The company has a 50-day moving average of $7.91 and a 200-day moving average of $8.56. The company has a market capitalization of $247.46 million, a P/E ratio of 20.10 and a beta of 1.39. Potbelly has a 1-year low of $4.57 and a 1-year high of $11.14. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 0.71.

Analyst Upgrades and Downgrades

PBPB has been the subject of several research analyst reports. Lake Street Capital initiated coverage on shares of Potbelly in a research report on Tuesday. They issued a “buy” rating and a $11.00 target price for the company. Craig Hallum assumed coverage on shares of Potbelly in a report on Tuesday, October 17th. They issued a “buy” rating and a $15.00 price target for the company. Benchmark assumed coverage on shares of Potbelly in a report on Tuesday, October 3rd. They issued a “hold” rating for the company. Finally, StockNews.com lowered shares of Potbelly from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Get Our Latest Research Report on PBPB

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PBPB. Royal Bank of Canada boosted its stake in Potbelly by 201.1% during the 2nd quarter. Royal Bank of Canada now owns 2,927 shares of the company’s stock valued at $25,000 after purchasing an additional 1,955 shares during the period. CI Private Wealth LLC acquired a new position in Potbelly during the 4th quarter valued at about $68,000. Citigroup Inc. boosted its stake in Potbelly by 110,914.3% during the 2nd quarter. Citigroup Inc. now owns 7,771 shares of the company’s stock valued at $68,000 after purchasing an additional 7,764 shares during the period. Citadel Advisors LLC acquired a new position in Potbelly during the 3rd quarter valued at about $71,000. Finally, California State Teachers Retirement System acquired a new position in Potbelly during the 2nd quarter valued at about $76,000. 63.31% of the stock is owned by institutional investors and hedge funds.

Potbelly Company Profile

(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.

See Also

Earnings History for Potbelly (NASDAQ:PBPB)

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