Wall Street analysts predict that Potbelly Corporation (NASDAQ:PBPB) will post $108.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Potbelly Corporation’s earnings, with estimates ranging from $107.59 million to $109.70 million. Potbelly Corporation reported sales of $105.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The business is scheduled to report its next earnings results on Tuesday, August 1st.

On average, analysts expect that Potbelly Corporation will report full year sales of $108.65 million for the current financial year, with estimates ranging from $434.70 million to $440.00 million. For the next fiscal year, analysts expect that the business will post sales of $466.31 million per share, with estimates ranging from $463.31 million to $469.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Potbelly Corporation.

Potbelly Corporation (NASDAQ:PBPB) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $101.70 million during the quarter, compared to the consensus estimate of $102.78 million. Potbelly Corporation had a net margin of 1.89% and a return on equity of 9.73%.

A number of equities analysts recently commented on PBPB shares. Zacks Investment Research cut shares of Potbelly Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, March 23rd. TheStreet upgraded shares of Potbelly Corporation from a “c+” rating to a “b-” rating in a research report on Friday, March 31st. William Blair cut shares of Potbelly Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Finally, Maxim Group cut shares of Potbelly Corporation from a “buy” rating to a “hold” rating and decreased their target price for the stock from $16.00 to $13.00 in a research report on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.

Potbelly Corporation (PBPB) traded up 2.99% during mid-day trading on Friday, reaching $12.05. The company had a trading volume of 230,112 shares. The firm has a 50-day moving average price of $11.36 and a 200 day moving average price of $12.80. Potbelly Corporation has a 12-month low of $10.50 and a 12-month high of $14.55. The firm has a market capitalization of $301.79 million, a price-to-earnings ratio of 40.03 and a beta of 0.91.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/07/07/zacks-brokerages-expect-potbelly-corporation-nasdaqpbpb-will-post-quarterly-sales-of-108-65-million.html.

In other news, Director Peter A. Bassi acquired 8,650 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $11.47 per share, for a total transaction of $99,215.50. Following the completion of the transaction, the director now owns 19,287 shares of the company’s stock, valued at $221,221.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.60% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PBPB. Russell Investments Group Ltd. boosted its position in Potbelly Corporation by 131.4% in the first quarter. Russell Investments Group Ltd. now owns 25,233 shares of the company’s stock worth $351,000 after buying an additional 14,329 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in Potbelly Corporation during the first quarter worth about $168,000. Independent Portfolio Consultants Inc. purchased a new position in Potbelly Corporation during the first quarter worth about $674,000. Acadian Asset Management LLC boosted its position in Potbelly Corporation by 12.9% in the first quarter. Acadian Asset Management LLC now owns 190,976 shares of the company’s stock worth $2,655,000 after buying an additional 21,874 shares during the last quarter. Finally, First National Bank of Omaha boosted its position in Potbelly Corporation by 22.1% in the first quarter. First National Bank of Omaha now owns 68,975 shares of the company’s stock worth $959,000 after buying an additional 12,464 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.

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.

Get a free copy of the Zacks research report on Potbelly Corporation (PBPB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Potbelly Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly Corporation and related companies with MarketBeat.com's FREE daily email newsletter.