Equities research analysts expect that Potbelly Corporation (NASDAQ:PBPB) will post $111.89 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Potbelly’s earnings. The lowest sales estimate is $110.60 million and the highest is $113.18 million. Potbelly reported sales of $102.36 million in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Potbelly will report full year sales of $111.89 million for the current financial year, with estimates ranging from $426.60 million to $429.15 million. For the next fiscal year, analysts expect that the business will report sales of $435.59 million per share, with estimates ranging from $427.90 million to $441.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Potbelly.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $106.10 million for the quarter, compared to analyst estimates of $107.75 million. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. Potbelly’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share.

Several equities research analysts recently weighed in on the stock. Maxim Group reiterated a “hold” rating and set a $13.00 price objective (up previously from $12.00) on shares of Potbelly in a research note on Monday, December 4th. Zacks Investment Research lowered shares of Potbelly from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “hold” rating and set a $13.00 price objective on shares of Potbelly in a research note on Friday, October 20th. Piper Jaffray Companies upgraded shares of Potbelly from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $12.00 to $17.00 in a research note on Thursday, September 28th. Finally, BidaskClub upgraded shares of Potbelly from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.33.

Large investors have recently made changes to their positions in the business. Vivaldi Asset Management LLC acquired a new stake in shares of Potbelly in the second quarter valued at approximately $4,098,000. Balyasny Asset Management LLC increased its stake in shares of Potbelly by 713.9% in the second quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock valued at $1,198,000 after purchasing an additional 91,380 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Potbelly by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 62,357 shares of the company’s stock valued at $773,000 after purchasing an additional 28,288 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Potbelly by 34.8% in the second quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock valued at $11,162,000 after purchasing an additional 250,465 shares during the period. Finally, 1060 Capital LLC acquired a new stake in shares of Potbelly in the third quarter valued at approximately $6,027,000. Institutional investors own 73.46% of the company’s stock.

Potbelly (PBPB) traded down $0.20 on Friday, reaching $12.65. The company has a market cap of $317.84, a price-to-earnings ratio of 33.29, a PEG ratio of 2.11 and a beta of 0.93. Potbelly has a 1 year low of $10.50 and a 1 year high of $14.55.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/10/potbelly-corporation-pbpb-expected-to-announce-quarterly-sales-of-111-89-million.html.

About Potbelly

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 (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.