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Wall Street Analysts Believe Potbelly (PBPB) Could Rally 96.37%: Here's is How to Trade
ZACKS· 2024-09-02 15:00
Core Viewpoint - Potbelly (PBPB) has shown a significant price increase of 18.2% over the past four weeks, with a mean price target of $15.67 indicating a potential upside of 96.4% from the current price of $7.98 [1] Price Target Analysis - The average price target consists of three estimates ranging from a low of $15 to a high of $16, with a standard deviation of $0.58, suggesting a strong consensus among analysts [2] - The lowest estimate indicates an 88% increase, while the highest suggests a 100.5% upside, highlighting the potential for significant price movement [2] Analyst Sentiment - There is a strong agreement among analysts regarding PBPB's ability to report better earnings than previously predicted, which supports the expectation of an upside [4] - The Zacks Consensus Estimate for the current year has increased by 17.7% over the past month, with no negative revisions, indicating positive sentiment [10] Zacks Rank - PBPB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which further indicates potential upside [11]
Does Potbelly (PBPB) Have the Potential to Rally 98.61% as Wall Street Analysts Expect?
ZACKS· 2024-08-16 15:01
Potbelly (PBPB) closed the last trading session at $7.89, gaining 2.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $15.67 indicates a 98.6% upside potential. The average comprises three short-term price targets ranging from a low of $15 to a high of $16, with a standard deviation of $0.58. While the lowest estimate indicates an increase of 90.1% from the current price level, th ...
Is the Options Market Predicting a Spike in Potbelly (PBPB) Stock?
ZACKS· 2024-08-12 13:46
Investors in Potbelly Corporation (PBPB) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $4.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...
Potbelly(PBPB) - 2024 Q2 - Earnings Call Transcript
2024-08-09 02:26
Potbelly Corporation (NASDAQ:PBPB) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Adiya Dixon - Chief Legal Officer, Chief Compliance Officer and Secretary Robert Wright - President & CEO Steven Cirulis - CFO & Chief Strategy Officer Conference Call Participants Todd Brooks - The Benchmark Company Matt Curtis - William Blair Jeremy Hamblin - Craig-Hallum Operator Good afternoon, everyone, and welcome to Potbelly Corporation's Second Quarter 2024 Earnings Conference Call. Tod ...
Potbelly (PBPB) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-08 22:41
Potbelly (PBPB) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this sandwich restaurant operator would post a loss of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of 150%. Over the last four quarters, the ...
Potbelly: New Units Coming Out Of The Oven!
Seeking Alpha· 2024-07-13 13:46
carterdayne/iStock Unreleased via Getty Images Context Potbelly (NASDAQ:PBPB) has as a cornerstone of its value proposition the development of a friendly and welcoming concept that emulates the atmosphere of a neighborhood sandwich shop, despite its more than 427 locations in 31 states and the District of Columbia. Quickly contextualizing the history of the company, it was born in Chicago, but precisely on Lincoln Avenue in 1977. In fact, the idea of the creator, Peter Hastings, was for the sandwich shop to ...
Potbelly Opens Shop at the Pentagon
GlobeNewswire News Room· 2024-07-11 12:41
Core Insights - Potbelly Corporation has opened its first location at the Pentagon, enhancing its presence on military installations and Department of Defense facilities [3][9] - The company plans to develop three additional restaurants at Fort Liberty, one of the largest military installations globally, with all shops being franchise-owned and operated [3][7] - Potbelly is committed to supporting military families through its annual Potbelly Serves summer volunteer program and will donate all sales from the Pentagon shop on July 16 to the Tunnel to Towers' Homeless Veterans program [2][7] Company Expansion - The Pentagon shop officially opened on June 28, and a grand opening ceremony is scheduled for July 16 [1][9] - Potbelly has plans to open two more locations at Fort Liberty by the end of 2024, expanding its footprint in military communities [7][10] - The company aims for long-term growth with a goal of opening 2,000 shops across the U.S. [10] Franchise Operations - Franchisee Shakti Patel will own and operate all three restaurants at Fort Liberty, highlighting the support Potbelly provides to its franchise partners [4][7] - Potbelly is collaborating with the Navy Exchange Service Command (NEXCOM) and the Army & Air Force Exchange Service (AAFES) for the openings at both the Pentagon and Fort Liberty [7] Community Engagement - The company emphasizes its commitment to the military community by providing convenient dining options and engaging in charitable activities [9][2] - Potbelly's menu includes a variety of offerings such as oven-toasted sandwiches, signature salads, hand-dipped shakes, and fresh-baked cookies, catering to the tastes of military personnel and their families [9][11]
Potbelly Corporation to Participate in Upcoming Investor Conferences
globenewswire.com· 2024-05-22 13:00
About Potbelly Potbelly Corporation is a neighborhood sandwich concept that has been feeding customers' smiles with warm, toasty sandwiches, signature salads, hand-dipped shakes and other fresh menu items, customized just the way customers want them, for more than 40 years. Potbelly promises Fresh, Fast & Friendly service in an environment that reflects the local neighborhood. Since opening its first shop in Chicago in 1977, Potbelly has expanded to neighborhoods across the country – with more than 425 shop ...
Potbelly(PBPB) - 2024 Q1 - Earnings Call Presentation
2024-05-09 02:45
CDATED SANDWICH WORKS® Jalapeño Popper Chicken Forward-Looking Statements By rature, forward-hoking statements involve risks and uncertaintes that could couse atsulas to differ materially from those projected or inquied by the forward-booking st overants in our acrétif faillig; competition ; general economic conditions; including any infitition; cur ablity to successfully implement our brounes of our franching ini and other costs; our ability to attract and retain management and anquirely staff our shops; c ...
Potbelly(PBPB) - 2024 Q1 - Quarterly Report
2024-05-08 20:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ______________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____to ____ Commission File Number: 001-36104 ______________________________________________ Potbelly Co ...