Latest news with #PotbellyCorporation
Yahoo
15-04-2025
- Business
- Yahoo
Is Potbelly Corporation (PBPB) Among the Top Restaurant Stocks to Buy Under $20?
We recently published a list of . In this article, we are going to take a look at where Potbelly Corporation (NASDAQ:PBPB) stands against other top restaurant stocks to buy under $20. Restaurant stocks are showing volatility amid Trump's tariff impositions across various sectors. On April 7, CNBC reported that while US stocks are tumbling due to the effects of high tariffs on the import of goods from key trading partners, analysts do not anticipate the tariffs to hit most restaurant stocks directly. However, inflation is expected to follow behind, fueled by expert and investor fear of an impending recession. This may put pressure on the spending capacity of consumers, resulting in an economic downturn. CNBC reported that UBS analyst Dennis Geiger said the following in a note to clients: 'We view the direct cost impact of tariffs on restaurants as manageable, with a focus on select commodity costs, but see the bigger risk as incremental pressure on consumer spending and industry demand.' CNBC also reported that investor concerns affected restaurant stocks across all sectors. Fast food restaurant chains have historically shown the most resilience during recessions, as consumers looking for cheap dining options typically level down from fast-casual or full-service diners and eateries to fast food options. However, the drop in consumer spending witnessed last year saw fast food restaurants hit hard, as low-income consumers cut their spending to this sector, visiting them less frequently. High-income consumers, on the other hand, continued with their usual dining habits, creating a gap that negatively affected fast food companies. Quick-service restaurants thus underwent same-store sales declines. On March 8, Mario Carbone, Major Food Group chef and co-founder, appeared on CNBC's 'Power Lunch' to discuss the effects of Trump's tariffs on the food industry and how high-end consumers are behaving in the sector. Talking about New York, he said that the numbers are booming, going above their pre-Covid benchmarks. New York is thus telling us that everything is good, and there is no fear right now in dining in the luxury sector. Stats are up, and restaurants are packed, with consumer energy through the roof. As of right now, there are no signs of slowing at all if one evaluates the spending and trends in restaurant reports. However, Carbone said that inflation hits the food and restaurant industry just like everyone else. The luxury food sector is responsible to the customer for bringing in the best ingredients for every meal, which is why it has no choice but to pass the effects on to the consumer in case such trends materialize. We sifted through stock screeners, financial media reports, and ETFs to compile a list of 20 restaurant stocks under $20 as of April 13, 2025, and chose the top 10 most popular among hedge funds as of Q4 2024. The list is ordered in ascending order of hedge fund sentiment. We sourced the hedge fund sentiment data from Insider Monkey's database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A chef in a busy kitchen, adding the finishing touches to a signature sandwich. Share Price: $8.24 Number of Hedge Fund Holders: 14 Potbelly Corporation (NASDAQ:PBPB) owns and operates sandwich restaurants. The company offers various food options, including signature salads, toasty sandwiches, soups, chili, cookies, and other fresh menu items. It operates around 440 shops in 31 US states and the District of Columbia, of which 90 are franchised. In 2024, Potbelly Corporation (NASDAQ:PBPB) reignited unit growth by opening 23 new shops, adding 115 units to its open and committed shop total. It also drove adjusted EBITDA growth of 15% through corporate cost management and expanded shop margins. The company is also focusing on developing long-term growth drivers to strengthen its operations and improve customer experiences, such as the relaunch of its perks loyalty program and significant menu innovation. Its digital business represented over 40% of Potbelly Corporation's (NASDAQ:PBPB) total shop sales, a growth of around 100 basis points compared to last year. Craig-Hallum analyst Jeremy Hamblin maintained a Buy rating on the company on April 8. Overall, PBPB ranks 10th on our list of the top restaurant stocks to buy under $20. While we acknowledge the potential for PBPB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBPB but trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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Yahoo
20-02-2025
- Business
- Yahoo
Potbelly Sandwich Works Expands in Virginia Markets with Franchise Expansion Led by Former CEO
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the beloved neighborhood sandwich shop, is excited to announce a major expansion in the Northern Virginia market through an extension of its Shop Development Agreement (SDA). This new agreement builds on the company's existing partnership with former CEO Bryant Keil and his son Hampden Keil, with plans to open additional Potbelly locations in several areas of Northern Virginia. The development of these eight locations aligns with Potbelly's strategic growth plan to expand its footprint through franchising in the State of Virgina and other key markets nationwide. The company remains eager to partner with passionate multi-unit operators to expand its footprint in its remaining untapped territories in the State of Virginia and Maryland. With a focus on enriching the dining options in Virginia, this expansion underscores the brand's commitment to fostering strong connections with its customers and communities. Bryant Keil, former CEO of Potbelly, brings unparalleled experience and passion for the brand's mission to his role as a franchisee. Together with his son, Hampden Keil, the duo is poised to expand Potbelly's presence in Virginia, delivering the brand's signature toasted sandwiches, hand-dipped shakes, flavorful soups, and warm, welcoming atmosphere to these bustling communities. Their combined expertise and dedication continue to enhance Potbelly's reputation for creating vibrant neighborhood hubs. The new shops are expected to contribute to local economic growth by creating numerous job opportunities. Further announcements regarding specific site locations and grand opening events will be shared as plans progress. For more information about Potbelly Sandwich Works' available franchise opportunities, please contact: Maureen DiStefanoSales Director, Potbelly Sandwich WorksPhone: 445-287-1182Email: About PotbellyPotbelly 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 440 shops in the United States including more than 90 franchised shops in the United States. For more information, please visit our website at in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full Year 2024 Results on March 6, 2025
CHICAGO, Feb. 18, 2025 (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 fourth quarter and full year 2024 financial results. Fourth Quarter and Full Year 2024 ResultsPotbelly will report its financial results for the fiscal fourth quarter and full year 2024 on Thursday, March 6, 2025 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date: Thursday, March 6, 2025 Time: 5:00 p.m. Eastern Time Dial-In #: 833-630-1088 U.S. & Canada 412-317-1817 International The conference call will also be webcast live from the Company's corporate website at under the investors section. For those unable to participate in the live call, an audio replay will be available following the call through Thursday, March 13, 2025. To access the replay, please call 844-512-2921 (U.S. & Canada), or 412-317-6671 (International) and enter confirmation code 10195289. 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 440 shops in the United States including more than 90 franchised shops in the United States. For more information, please visit our website at Contact:Investor RelationsJeff PriesterICR332-242-4370investor@ in to access your portfolio
