The Potbelly Corp (PBPB) share price is expected to increase by 56.94% over the next year. This is based on calculating the average 12-month share price estimate provided by 4 stock analysts who have covered PBPB. Price targets range from $14 at the low end to $16 at the high end. The current analyst consensus for PBPB is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 4 Wall Street analysts have assignedPBPB 3 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect Potbelly Corp to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PBPB. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of PBPB.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Todd Brooks Benchmark | Buy | $16 | Reiterates | Aug 12, 2024 |
Jeremy Hamblin Craig-Hallum | Buy | $16 | Maintains | Aug 9, 2024 |
Todd Brooks Benchmark | Buy | $16 | Reiterates | May 28, 2024 |
Todd Brooks Benchmark | Buy | $16 | Maintains | Mar 8, 2024 |
Jeremy Hamblin Craig-Hallum | Buy | $20 | Maintains | Mar 8, 2024 |
Mark Smith Lake Street | Buy | $15 | Maintains | Mar 8, 2024 |
Todd Brooks Benchmark | Buy | $15 | Upgrade | Jan 12, 2024 |
Mark Smith Lake Street | Buy | $11 | Initiates | Oct 24, 2023 |
Jeremy Hamblin Craig-Hallum | Buy | $15 | Initiates | Oct 17, 2023 |
Todd Brooks Benchmark | Hold | Initiates | Oct 3, 2023 | |
PiperJaffray | Neutral | Downgrade | Dec 11, 2019 | |
Nicole Miller Regan Piper Sandler | Neutral | $5 | Downgrade | Dec 11, 2019 |
Stephen Anderson Maxim Group | Buy | $15 | Upgrade | Oct 10, 2018 |
PiperJaffray | Overweight | Upgrade | Sep 28, 2017 | |
Piper Sandler | Overweight | Upgrade | Sep 28, 2017 | |
Maxim Group | Hold | Downgrade | Jul 21, 2017 | |
Maxim Group | Buy | Upgrade | May 31, 2017 | |
Maxim Group | Hold | Downgrade | May 3, 2017 | |
William Blair | Market Perform | Downgrade | May 3, 2017 | |
Maxim Group | Buy | Upgrade | Nov 7, 2016 |
When did it IPO
2013
Staff Count
5,000
Country
United States
Sector/Industry
Consumer Cyclical/Restaurants
CEO
Mr. Robert D. Wright
Market Cap
$292.5M
In 2023, PBPB generated $491.4M in revenue, which was a increase of 8.73% from the previous year. This can be seen as a signal that PBPB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Potbelly's market value has increased fivefold since 2020. Despite a 4.7% Q3 2024 sales decline, franchise royalties rose 79%, and digital sales now make up 38% of total sales.
Why It Matters - Potbelly's strong franchise royalty growth and digital sales increase, despite recent sales decline, highlight resilience and effective strategy, making it an attractive investment opportunity.
Summary - Potbelly Corporation (NASDAQ:PBPB) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 5:00 PM ET, featuring key company executives and financial analysts.
Why It Matters - The Potbelly Q3 earnings call will provide insights into financial performance and strategic direction, influencing investor sentiment and stock valuation.
Summary - Potbelly Corporation (NASDAQ: PBPB) has finalized six multi-unit development agreements to open new shops in Arizona, Illinois, Missouri, North Carolina, Texas, and Virginia.
Why It Matters - Potbelly's expansion through new development agreements signals growth potential, which could enhance revenue and market presence, positively impacting stock performance.
Summary - Potbelly Corporation (NASDAQ: PBPB) plans to open 15 new sandwich shops in Georgia, partnering with Royal Restaurant Group for the development in the greater Atlanta area.
Why It Matters - Potbelly's expansion into Georgia signals growth potential, likely boosting revenue and market presence, which can enhance investor confidence and potentially increase share value.
Summary - Potbelly (PBPB) reported Q3 earnings of $0.08 per share, surpassing the Zacks Consensus Estimate of $0.05 and increasing from $0.04 per share year-over-year.
Why It Matters - Potbelly's earnings beat expectations, indicating stronger performance and growth, which can boost investor confidence and potentially drive stock prices higher.
Summary - Immersion Investments has issued an open letter to Potbelly Corporation, urging the company to take immediate action to enhance shareholder value.
Why It Matters - The open letter signals potential changes in Potbelly's management or strategy, which could impact share value and investor returns. Market reactions may follow based on the company's response.