Wall Street analysts predict that Potbelly Corporation (NASDAQ:PBPB) will report earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Potbelly Corporation’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. Potbelly Corporation posted earnings of $0.12 per share during the same quarter last year, which suggests a negative year over year growth rate of 50%. The company is expected to announce its next quarterly earnings results before the market opens on Friday, November 3rd.

On average, analysts expect that Potbelly Corporation will report full-year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.33. For the next financial year, analysts forecast that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.34 to $0.40. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Potbelly Corporation.

Potbelly Corporation (NASDAQ:PBPB) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.68%. 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 firm posted $0.13 EPS. Potbelly Corporation’s revenue was up 3.0% on a year-over-year basis.

A number of equities analysts have recently weighed in on PBPB shares. Zacks Investment Research raised shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Maxim Group reaffirmed a “hold” rating and issued a $11.00 price target on shares of Potbelly Corporation in a research note on Friday, October 6th. Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $17.00 in a research note on Thursday, September 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a research note on Friday, October 20th. Finally, BidaskClub downgraded shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.67.

Institutional investors have recently bought and sold shares of the business. Vivaldi Asset Management LLC acquired a new position in Potbelly Corporation during the second quarter worth $4,098,000. Bank of New York Mellon Corp increased its position in Potbelly Corporation by 52.6% during the first quarter. Bank of New York Mellon Corp now owns 243,758 shares of the company’s stock worth $3,389,000 after buying an additional 83,992 shares during the last quarter. Balyasny Asset Management LLC increased its position in Potbelly Corporation by 713.9% during the second quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock worth $1,198,000 after buying an additional 91,380 shares during the last quarter. Prudential Financial Inc. acquired a new position in Potbelly Corporation during the first quarter worth $683,000. Finally, Tributary Capital Management LLC increased its position in Potbelly Corporation by 11.8% during the second quarter. Tributary Capital Management LLC now owns 880,947 shares of the company’s stock worth $10,131,000 after buying an additional 92,689 shares during the last quarter. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

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Potbelly Corporation (NASDAQ PBPB) traded down 2.44% during midday trading on Monday, reaching $12.00. The company’s stock had a trading volume of 333,635 shares. Potbelly Corporation has a 12 month low of $10.50 and a 12 month high of $14.55. The stock’s 50-day moving average price is $11.93 and its 200-day moving average price is $11.90. The firm has a market capitalization of $301.50 million, a price-to-earnings ratio of 75.47 and a beta of 0.91.

About Potbelly Corporation

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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