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Consumer Cyclical - Restaurants - NASDAQ - US
$ 10.11
-1.65 %
$ 303 M
Market Cap
8.09
P/E
1. INTRINSIC VALUE

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.[ Read More ]

The intrinsic value of one PBPB stock under the base case scenario is HIDDEN Compared to the current market price of 10.1 USD, Potbelly Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PBPB

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FINANCIALS
491 M REVENUE
8.73%
10 M OPERATING INCOME
953.26%
5.58 M NET INCOME
18.38%
19.5 M OPERATING CASH FLOW
56.20%
-10.8 M INVESTING CASH FLOW
-27.83%
10.2 M FINANCING CASH FLOW
466.45%
115 M REVENUE
-3.82%
4.25 M OPERATING INCOME
-3.10%
34.7 M NET INCOME
1354.50%
3.16 M OPERATING CASH FLOW
355.56%
-4.72 M INVESTING CASH FLOW
-26.45%
-2.83 M FINANCING CASH FLOW
84.27%
Balance Sheet Decomposition Potbelly Corporation
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Current Assets 53.1 M
Cash & Short-Term Investments 33.8 M
Receivables 7.96 M
Other Current Assets 11.3 M
Non-Current Assets 199 M
Long-Term Investments 0
PP&E 189 M
Other Non-Current Assets 9.89 M
Current Liabilities 71.1 M
Accounts Payable 9.93 M
Short-Term Debt 50.3 M
Other Current Liabilities 10.9 M
Non-Current Liabilities 167 M
Long-Term Debt 161 M
Other Non-Current Liabilities 6.07 M
EFFICIENCY
Earnings Waterfall Potbelly Corporation
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Revenue 491 M
Cost Of Revenue 329 M
Gross Profit 162 M
Operating Expenses 152 M
Operating Income 10 M
Other Expenses 4.43 M
Net Income 5.58 M
RATIOS
32.98% GROSS MARGIN
32.98%
2.04% OPERATING MARGIN
2.04%
1.04% NET MARGIN
1.04%
34.84% ROE
34.84%
2.03% ROA
2.03%
14.43% ROIC
14.43%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Potbelly Corporation
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Net Income 5.58 M
Depreciation & Amortization 12.1 M
Capital Expenditures -17.1 M
Stock-Based Compensation 5.45 M
Change in Working Capital -29.1 M
Others -1.25 M
Free Cash Flow 2.44 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Potbelly Corporation
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PBPB has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Potbelly Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
508 K USD 3
3-6 MONTHS
55 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 months ago
Aug 07, 2024
Bought 85.5 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 12915
6.62 USD
3 months ago
Aug 06, 2024
Bought 18.8 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 2859
6.59 USD
3 months ago
Aug 05, 2024
Bought 164 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 25268
6.48 USD
3 months ago
Aug 07, 2024
Bought 47 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 7097
6.62 USD
3 months ago
Aug 06, 2024
Bought 10.4 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 1571
6.59 USD
3 months ago
Aug 05, 2024
Bought 90 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 13886
6.48 USD
3 months ago
Aug 07, 2024
Bought 22.4 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 3382
6.62 USD
3 months ago
Aug 06, 2024
Bought 4.94 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 749
6.59 USD
3 months ago
Aug 05, 2024
Bought 42.9 K USD
Nierenberg Investment Management Company, Inc.
10 percent owner
+ 6618
6.48 USD
5 months ago
May 23, 2024
Bought 13.6 K USD
Noyes Adam
SVP, Chief Operating Officer
+ 1614
8.45 USD
5 months ago
May 22, 2024
Bought 8.72 K USD
McKee Karen Lynette
SVP, Franchising
+ 1000
8.72 USD
6 months ago
May 15, 2024
Bought 13 K USD
Wright Robert D.
President and CEO
+ 1450
8.94 USD
6 months ago
May 15, 2024
Bought 10 K USD
Cirulis Steven
SVP, Chief Financial Officer
+ 1141
8.77 USD
8 months ago
Mar 15, 2024
Bought 20.3 K USD
Wright Robert D.
President and CEO
+ 1750
11.62 USD
8 months ago
Mar 12, 2024
Bought 11.6 K USD
Cirulis Steven
SVP, Chief Financial Officer
+ 1000
11.65 USD
1 year ago
Aug 25, 2023
Bought 25 K USD
Wright Robert D.
President and CEO
+ 3254
7.68 USD
1 year ago
Aug 25, 2023
Bought 14 K USD
Cirulis Steven
SVP, Chief Financial Officer
+ 1805
7.76 USD
1 year ago
May 09, 2023
Bought 25 K USD
Near David
Director
+ 3125
7.99 USD
1 year ago
May 09, 2023
Sell 91.6 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 11197
8.18 USD
1 year ago
May 09, 2023
Bought 26 K USD
Cirulis Steven
SVP, Chief Financial Officer
+ 3117
8.35 USD
1 year ago
May 09, 2023
Bought 50 K USD
Wright Robert D.
President and CEO
+ 5988
8.35 USD
1 year ago
May 09, 2023
Bought 19.9 K USD
Dixon Adiya
SVP, CLO and Secretary
+ 2421
8.24 USD
1 year ago
Mar 10, 2023
Bought 12.9 K USD
Noyes Adam
SVP, Chief Operating Officer
+ 1551
8.34 USD
1 year ago
Dec 09, 2022
Bought 9.88 K USD
Cirulis Steven
SVP, Chief Financial Officer
+ 1742
5.67 USD
2 years ago
Nov 09, 2022
Bought 50 K USD
Wright Robert D.
President and CEO
+ 9325
5.36 USD
2 years ago
Aug 31, 2022
Bought 10.1 K USD
Noyes Adam
SVP, Chief Operations Officer
+ 1840
5.49 USD
2 years ago
Aug 17, 2022
Bought 20.1 K USD
Cirulis Steven
SVP, Chief Financial Officer
+ 3129
6.42 USD
2 years ago
Aug 11, 2022
Bought 100 K USD
Wright Robert D.
President and CEO
+ 17985
5.56 USD
2 years ago
Aug 09, 2022
Bought 15.1 K USD
Noyes Adam
SVP, Chief Operations Officer
+ 2744
5.51 USD
2 years ago
Aug 11, 2022
Bought 15.3 K USD
Dixon Adiya
SVP, CLO and Secretary
+ 2753
5.57 USD
2 years ago
Jan 24, 2022
Sell 8.47 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 1515
5.59 USD
2 years ago
Jan 07, 2022
Sell 71.1 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 12500
5.69 USD
2 years ago
Dec 02, 2021
Bought 41.4 K USD
Near David
Director
+ 7462
5.55 USD
2 years ago
Dec 01, 2021
Bought 29.9 K USD
Noyes Adam
SVP, Chief Operations Officer
+ 5640
5.31 USD
3 years ago
Sep 23, 2021
Sell 25.7 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 3750
6.86 USD
3 years ago
Sep 10, 2021
Bought 5.06 K USD
Noyes Adam
SVP, Chief Operations Officer
+ 748
6.76 USD
3 years ago
Sep 09, 2021
Bought 15.8 K USD
Noyes Adam
SVP, Chief Operations Officer
+ 2300
6.85 USD
3 years ago
Sep 08, 2021
Bought 1.37 K USD
Noyes Adam
SVP, Chief Operations Officer
+ 200
6.85 USD
3 years ago
Aug 23, 2021
Sell 24.4 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 3750
6.5 USD
3 years ago
Jul 23, 2021
Sell 24.5 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 3750
6.54 USD
3 years ago
Jun 23, 2021
Sell 33.4 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 3750
8.91 USD
3 years ago
May 07, 2021
Sell 31.1 K USD
GOTTSCHALK MARLA C
Director
- 4200
7.4 USD
3 years ago
Apr 07, 2021
Sell 18.1 K USD
Cirulis Steven
SVP, Chief Financial Officer
- 2963
6.12 USD
3 years ago
Mar 31, 2021
Sell 737 K USD
Wright Robert D.
President and CEO
- 132149
5.58 USD
3 years ago
Mar 30, 2021
Sell 52.4 K USD
Cirulis Steven
SVP, Chief Financial Officer
- 9010
5.82 USD
3 years ago
Mar 30, 2021
Sell 24.3 K USD
Douglas Jeffrey
See Remarks
- 4172
5.82 USD
3 years ago
Mar 16, 2021
Sell 3.87 K USD
Atkins Will
VP, Controller
- 580
6.68 USD
3 years ago
Mar 09, 2021
Sell 50.8 K USD
Cirulis Steven
SVP, Chief Financial Officer
- 9076
5.6 USD
3 years ago
Mar 09, 2021
Sell 23.4 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 4180
5.6 USD
3 years ago
Dec 18, 2020
Sell 22.7 K USD
Lecocq Daniel
SVP, Franchise & Corp Develop
- 4662
4.8623 USD
3 years ago
Dec 18, 2020
Sell 46.7 K USD
Rhoten Brandon P
SVP, Chief Marketing Officer
- 9599
4.8615 USD
3 years ago
Dec 18, 2020
Sell 44.3 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 9109
4.8623 USD
3 years ago
Dec 18, 2020
Sell 18.7 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 3840
4.8615 USD
3 years ago
Dec 18, 2020
Sell 45.3 K USD
Cirulis Steven
SVP, Chief Financial Officer
- 9319
4.8584 USD
4 years ago
Sep 24, 2020
Sell 27.5 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 7029
3.91 USD
4 years ago
Sep 21, 2020
Sell 2.12 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 524
4.05 USD
4 years ago
Sep 21, 2020
Sell 33.5 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 8366
4.01 USD
4 years ago
Sep 21, 2020
Sell 2.18 K USD
Cirulis Steven
SVP, Chief Financial Officer
- 536
4.06 USD
4 years ago
Sep 21, 2020
Sell 34.3 K USD
Cirulis Steven
SVP, Chief Financial Officer
- 8559
4.01 USD
4 years ago
Sep 21, 2020
Sell 887 USD
Douglas Jeffrey
SVP, Chief Information Officer
- 219
4.05 USD
4 years ago
Sep 21, 2020
Sell 14.1 K USD
Douglas Jeffrey
SVP, Chief Information Officer
- 3512
4.01 USD
4 years ago
Sep 21, 2020
Sell 1.06 K USD
Lecocq Daniel
SVP, Franchise & Corp Develop
- 263
4.04 USD
4 years ago
Sep 21, 2020
Sell 16.9 K USD
Lecocq Daniel
SVP, Franchise & Corp Develop
- 4217
4.01 USD
4 years ago
Sep 21, 2020
Sell 2.25 K USD
Rhoten Brandon P
SVP, Chief Marketing Officer
- 552
4.07 USD
4 years ago
Sep 21, 2020
Sell 35.4 K USD
Rhoten Brandon P
SVP, Chief Marketing Officer
- 8816
4.01 USD
4 years ago
Aug 18, 2020
Bought 43.7 K USD
Head David W
Director
+ 10000
4.37 USD
4 years ago
Aug 10, 2020
Bought 50.9 K USD
Near David
Director
+ 12723
4 USD
5 years ago
Nov 18, 2019
Bought 44.6 K USD
Head David W
Director
+ 10000
4.46 USD
5 years ago
Jun 04, 2019
Bought 10.8 K USD
Boehm Joseph
Director
+ 2200
4.92 USD
5 years ago
Jan 04, 2019
Sell 99.4 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 12200
8.15 USD
5 years ago
Dec 28, 2018
Sell 14.7 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 1800
8.15 USD
6 years ago
Aug 21, 2018
Sell 270 K USD
GOTTSCHALK MARLA C
Director
- 19300
14 USD
6 years ago
Aug 20, 2018
Sell 9.8 K USD
GOTTSCHALK MARLA C
Director
- 700
14 USD
6 years ago
Jun 13, 2018
Sell 262 K USD
Younglove-Webb Julie
SVP, Operations
- 20000
13.1 USD
6 years ago
May 11, 2018
Sell 258 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 20000
12.91 USD
6 years ago
Mar 12, 2018
Sell 55.5 K USD
Ewing Anne
Senior Vice President
- 4220
13.16 USD
6 years ago
Mar 01, 2018
Sell 11.2 K USD
Ewing Anne
Senior Vice President
- 867
12.8652 USD
7 years ago
May 08, 2017
Bought 99.2 K USD
BASSI PETER A
Director
+ 8650
11.47 USD
7 years ago
Feb 17, 2017
Sell 339 K USD
Ewing Anne
Senior Vice President
- 25000
13.56 USD
7 years ago
Jan 06, 2017
Sell 131 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 10000
13.13 USD
7 years ago
Dec 30, 2016
Sell 130 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 10000
13.049 USD
8 years ago
Nov 07, 2016
Sell 124 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 10000
12.4308 USD
8 years ago
Sep 30, 2016
Sell 248 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 20000
12.42 USD
8 years ago
Aug 10, 2016
Sell 257 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 20000
12.85 USD
8 years ago
Jul 01, 2016
Sell 374 K USD
REVORD MATTHEW J
SVP, GC and Secretary
- 30000
12.4641 USD
8 years ago
Apr 13, 2016
Sell 5.54 K USD
MORLOCK JOHN B
SVP, Operations
- 396
14 USD
8 years ago
Mar 08, 2016
Bought 6.92 K USD
Carlson Christopher
VP, Controller
+ 500
13.85 USD
8 years ago
Mar 01, 2016
Sell 130 K USD
MORLOCK JOHN B
SVP, Operations
- 10000
13 USD
8 years ago
Feb 22, 2016
Sell 182 K USD
MORLOCK JOHN B
SVP, Operations
- 15000
12.15 USD
8 years ago
Nov 25, 2015
Sell 125 K USD
MORLOCK JOHN B
SVP, Operations
- 10000
12.5 USD
9 years ago
Nov 20, 2015
Sell 144 K USD
MORLOCK JOHN B
SVP, Operations
- 12000
12 USD
9 years ago
Nov 16, 2015
Sell 109 K USD
Boyer Joshua
Controller
- 9158
11.88 USD
9 years ago
Aug 14, 2015
Sell 47 K USD
MORLOCK JOHN B
SVP, Operations
- 3900
12.06 USD
7. News
Potbelly: Even With The Rally It's Still Below My PT Potbelly has quintupled its market value since 2020 under CEO Wright, with successful refranchising and digital platform enhancements driving growth. Despite a 4.7% sales decline in Q3 2024, franchise royalties grew 79% year-over-year, and restaurant margins expanded by 0.7%. Potbelly's Everyday Value Combo and Perks platform have increased guest retention and digital sales, now representing 38% of total sales. seekingalpha.com - 3 days ago
Potbelly Corporation (PBPB) Q3 2024 Earnings Call Transcript Potbelly Corporation (NASDAQ:PBPB ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Adiya Dixon - Chief Legal Officer, Chief Compliance Officer & Secretary Robert Wright - President & Chief Executive Officer Steven Cirulis - Chief Financial Officer & Chief Strategy Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Alex Sturnieks - Lake Street Capital Markets Todd Brooks - The Benchmark Company Matt Curtis - William Blair Operator Good afternoon everyone and welcome to Potbelly Corporation's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded. seekingalpha.com - 1 week ago
Potbelly Accelerates Growth with Signed Commitments for 32 New U.S. Shops CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of six new multi-unit development agreements. The commitments, which include an expanded partnership with Potbelly founder Bryant Keil, will bring new Potbelly shops to markets in six states across the country including Arizona, Illinois, Missouri, North Carolina, Texas and Virginia, with new and existing franchisee partners. globenewswire.com - 1 week ago
Potbelly Announces Plans to Enter Georgia with 15-Unit Development Agreement CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced plans to open its first shops in Georgia after finalizing a multi-unit development agreement with franchise partner Royal Restaurant Group. Through the agreement, Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands, will bring 15 Potbelly shops to Georgia, all in the greater Atlanta region. globenewswire.com - 1 week ago
Potbelly (PBPB) Beats Q3 Earnings and Revenue Estimates 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 $0.04 per share a year ago. zacks.com - 1 week ago
ADDING MULTIMEDIA Immersion Investments, LLC and its Affiliates Issue Open Letter to Potbelly Corporation Urging Immediate Action to Maximize Value for its Shareholders NEEDHAM, Mass.--(BUSINESS WIRE)--Immersion Investments, LLC and its Affiliates Issue Open Letter to Potbelly Corporation Urging Immediate Action to Maximize Value for its Shareholders. businesswire.com - 3 weeks ago
Immersion Investments, LLC and its Affiliates Issue Open Letter to Potbelly Corporation Urging Immediate Action to Maximize Value for its Shareholders NEEDHAM, Mass.--(BUSINESS WIRE)--Immersion Investments, LLC and its Affiliates Issue Open Letter to Potbelly Corporation Urging Immediate Action to Maximize Value for its Shareholders. businesswire.com - 3 weeks ago
Potbelly Corporation Announces Conference Call to Discuss Third Quarter 2024 Results on November 7, 2024 CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its third quarter 2024 financial results. globenewswire.com - 1 month ago
Potbelly: Value Levers Seem To Be Paying Off Potbelly's Franchise Growth Acceleration Initiative aims to expand to 2,000 units, with innovative prototypes reducing costs and driving franchisee interest, indicating significant growth potential. The 'Everyday Value Combo' and loyalty app 'Perks' have boosted value perception and customer retention, contributing to Potbelly's strong comparable sales and market share gains. PBPB's value score remains high among fast-casual restaurants, reflecting successful value promotions and menu innovations, despite industry challenges and price-sensitive consumers. seekingalpha.com - 1 month ago
Rate Cuts to Help Restaurant Industry: 4 Stocks With Growth Potential Restaurant stocks like Yum China (YUMC), El Pollo Loco (LOCO), Texas Roadhouse (TXRH) and Potbelly (PBPB) will get a boost from the Fed's rate cut. zacks.com - 1 month ago
Restaurant Industry on the Rise: 3 Stocks to Buy for Smart Investors Strong August sales and the Fed Reserve's interest rate cut boost prospects for restaurant operators, including LOCO, TXRH and PBPB. zacks.com - 1 month ago
PBPB Stock Outruns Industry in Past Three Months: Should You Buy Now? PBPB's focus on franchise expansion, digital transformation and value-driven strategies position it well for future growth. zacks.com - 1 month ago
8. Profile Summary

Potbelly Corporation PBPB

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COUNTRY US
INDUSTRY Restaurants
MARKET CAP $ 303 M
Dividend Yield 0.00%
Description Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
Contact 111 North Canal Street, Chicago, IL, 60606 https://www.potbelly.com
IPO Date Oct. 4, 2013
Employees 5000
Officers Ms. Adiya Dixon Senior Vice President, Chief Legal Officer, Chief Compliance Officer & Secretary Mr. Adam Noyes Chief Operating Officer & Senior Vice President Mr. David Scott Daniels Senior Vice President & Chief Marketing Officer Ms. Lynette McKee CFE Senior Vice President of Franchising Mr. Robert D. Wright President, Chief Executive Officer & Director Mr. Jeffrey Douglas Senior Vice President & Chief Information Officer Mr. Patrick James Walsh Chief People Officer Mr. Steven W. Cirulis Senior Vice President, Chief Financial Officer & Chief Strategy Officer Mr. William C. Atkins Vice President & Controller