Potbelly Corp (PBPB) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.13 EPS for the quarter. Analysts had a consensus estimate of $0.13. The company posted revenue of $105.00 million in the period, compared to analysts expectations of $105.67 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Potbelly Corp. Shares were Downgraded by Robert W. Baird on Aug 1, 2016 to ” Neutral” and Lowered the Price Target to $ 13 from a previous price target of $16 .
Potbelly Corp opened for trading at $12.92 and hit $13.1 on the upside on Friday, eventually ending the session at $13.03, with a gain of 1.16% or 0.15 points. The heightened volatility saw the trading volume jump to 2,32,681 shares. Company has a market cap of $339 M.
In a different news, on Jul 5, 2016, Matthew J Revord (SVP, GC and Secretary) sold 30,000 shares at $12.46 per share price. According to the SEC, on Apr 18, 2016, John B Morlock (SVP, Operations) sold 10,000 shares at $14.00 per share price. On Mar 9, 2016, Christopher Carlson (VP, Controller) purchased 500 shares at $13.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Potbelly Corporation is a neighborhood sandwich concept offering sandwiches salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. The Company has a domestic base of around 351 shops in 26 states of the United States and the District of Columbia consisting of approximately 334 Company-operated shops and around 17 franchisee-operated shops. The Company also has around 12 franchised shops in the Middle East. The Company’s menu includes sandwiches salads soups chili sides desserts and in its breakfast locations breakfast sandwiches and steel cut oatmeal. The Company also offers hand-dipped shakes and smoothies. The Company’s cookie offerings include Oatmeal Chocolate Chip Sugar and Chocolate Brownie cookies.