Revenue Update on Potbelly Corp(NASDAQ:PBPB)

Potbelly Corp(NASDAQ:PBPB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $102.358M. Analysts estimated a revenue of $102.630M. The revenues were -0.27% below the estimates. Earnings per share were $0.15. The reported EPS was above estimates by 114.29%. Analysts had estimated an EPS of $0.07.

Potbelly Corp (PBPB) shares turned negative on Wednesdays trading session with the shares closing down -0.2 points or -1.48% at a volume of 1,64,076. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.6817. The peak price level was also seen at $13.6817 while the days lowest was $13.25. Finally the shares closed at $13.3. The 52-week high of the shares is $14.99 while the 52-week low is $11.5. According to the latest information available, the market cap of the company is $335 M.

Several Insider Transactions has been reported to the SEC. On Jan 9, 2017, Matthew J Revord (SVP, GC and Secretary) sold 10,000 shares at $13.13 per share price.Also, 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.

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