Potbelly Corporation (PBPB) Updates FY17 Earnings Guidance
Potbelly Corporation (NASDAQ:PBPB) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share guidance of $0.30-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.37.
Potbelly Corporation (NASDAQ PBPB) opened at 11.15 on Friday. The stock has a 50 day moving average of $11.90 and a 200 day moving average of $12.54. The company has a market cap of $279.25 million, a PE ratio of 37.04 and a beta of 0.91. Potbelly Corporation has a one year low of $10.50 and a one year high of $14.55.
Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Potbelly Corporation had a return on equity of 9.73% and a net margin of 1.89%. The firm had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $109.78 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Potbelly Corporation will post $0.37 earnings per share for the current fiscal year.
Several research firms recently weighed in on PBPB. Maxim Group decreased their price target on Potbelly Corporation from $13.00 to $11.00 and set a hold rating on the stock in a report on Friday. BidaskClub lowered Potbelly Corporation from a sell rating to a strong sell rating in a report on Saturday. Zacks Investment Research upgraded Potbelly Corporation from a sell rating to a hold rating in a report on Wednesday, July 5th. TheStreet lowered Potbelly Corporation from a b- rating to a c rating in a report on Monday, June 19th. Finally, William Blair lowered Potbelly Corporation from an outperform rating to a market perform rating in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Potbelly Corporation currently has an average rating of Hold and an average price target of $13.50.
In other Potbelly Corporation news, Director Peter A. Bassi bought 8,650 shares of Potbelly Corporation stock in a transaction on Monday, May 8th. The shares were acquired at an average price of $11.47 per share, for a total transaction of $99,215.50. Following the completion of the purchase, the director now directly owns 19,287 shares in the company, valued at approximately $221,221.89. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.60% of the company’s stock.
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Potbelly Corporation Company Profile
Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.
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