Potbelly (NASDAQ:PBPB) Posts Earnings Results

Potbelly (NASDAQ:PBPB) released its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03, Zacks reports. The business had revenue of $119.70 million during the quarter, compared to the consensus estimate of $119.00 million. Potbelly had a net margin of 0.76% and a return on equity of 36.44%. During the same quarter last year, the company earned $0.07 earnings per share.

Potbelly Stock Up 5.4 %

NASDAQ PBPB traded up $0.37 during trading on Friday, reaching $7.21. The company’s stock had a trading volume of 477,596 shares, compared to its average volume of 260,890. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $215.15 million, a PE ratio of 60.08 and a beta of 1.16. Potbelly has a 1-year low of $6.28 and a 1-year high of $14.36. The business has a 50-day moving average price of $7.53 and a 200-day moving average price of $9.96.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PBPB. Craig Hallum lowered their price target on Potbelly from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday. Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Potbelly in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Potbelly has an average rating of “Moderate Buy” and a consensus target price of $14.33.

Insider Transactions at Potbelly

In other Potbelly news, major shareholder Nierenberg Investment Manageme acquired 45,772 shares of Potbelly stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $6.48 per share, with a total value of $296,602.56. Following the purchase, the insider now owns 1,546,211 shares in the company, valued at $10,019,447.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 71,780 shares of company stock worth $473,829 in the last 90 days. 9.10% of the stock is owned by insiders.

About Potbelly

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.