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Potbelly (PBPB) IPO Sends Shares Soaring

By  +Follow October 4, 2013 6:16AM
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Shares in sandwich maker Potbelly ($PBPB) soared in its first day of trading, welcoming the company to the street with a nearly 125 percent pop. The offering, led by Bank of American (BAC) and Goldman Sachs (GS) , priced shares at $14. This was higher than expected, but still proved to be too low as the stock took off as soon as trading began.

Investors Feast on Potbelly

Potbelly brought an attractive series of fundamentals to the table that clearly piqued interest for investors. Potbelly featured 286 locations in 18 states as of June 30, and expressed plans to increase the number of stores by 10 percent annually. What’s more, Potbelly saw last year’s revenue reach $274.9 million, a year-over-year increase of 16 percent. With average revenue growth over the last 5 years at 14 percent annually, Potbelly is well ahead of the industry average of between 2 and 3 percent.

Some see Potbelly’s prices, between $5 and $8 a sandwich, as making it very competitive in the market for people’s lunch dollars.

"The price of a meal at Potbelly is competitive," said Joe Pawlak, vice president of restaurant consultants Technomic. "Since Potbelly does not have table service, customers can save a few dollars not having to tip while also enjoying a sit-down experience. Potbelly is in the sweet spot of quick casual restaurants."

Pawlak continued, citing a warm atmosphere as well: "You don't mind staying and eating at Potbelly, unlike other sandwich shops," Pawlak said. "Also, the quality is as good or better than other casual restaurants."

 The IPO sold some 7.5 million shares at $14 apiece, up from the $12 to $13 a share the company had initially predicted, raising $105 million for the growing eatery.

Restaurant Chains a Popular Wall Street Play

Potbelly represents another in a line of eatery stocks that have been showing strong gains of late. Noodles & Co. (NDLS) had its IPO in June and is up almost 19 percent since that date. Mexican-inspired restraunts Chuy’s (CHUY) and Chipotle Mexican Grill (CMG) have posted strong gains this year, up 70 percent and 45 percent respectively since the start of 2013. 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for PBPB
stockblaster14
30 Oct 14 23:39:47
Potbelly Corp (PBPB) 13.19 $PBPB 1 Quote Fast Food Investors Need To Hear Jeremy Bowman, The Motley Fool - Mot http://t.co/OctS64GhGO
HotKeyTrading
30 Oct 14 15:00:08
Insiders Buying: $LIN $OZRK $RYL $SMCI $FMI $PH $HP $PBPB $MMM $LLY $ALK $VRSN $PG $SONC $TLLP http://t.co/XQITF0lRKD #finance #stockpicks
JP Morgains
30 Oct 14 11:10:06
Watch that $PBPB
Ishmael Rufus
30 Oct 14 07:50:32
Sorry $PBPB but I can do better at work http://t.co/BRPAgj7CEB
WKRB News
30 Oct 14 06:35:58
Insider Selling: Potbelly Corp COO Sells 12,000 Shares of Stock $PBPB http://t.co/JLdFm5I6ce
HotKeyTrading
30 Oct 14 03:30:04
Insiders Selling: $PBPB $VRSN $KSU $SCSS $CYS $ALGN $GBX $SONC $MSFT $ALK $ATI $R $LOGM $MMM $PG http://t.co/XQITF0lRKD #stockmarket #dow
stockblaster14
30 Oct 14 00:42:19
Potbelly Corp (PBPB) 13.29 $PBPB 1 Quote Fast Food Investors Need To Hear Jeremy Bowman, The Motley Fool - Mot http://t.co/do0YZfOQEJ
Sharp Research Group
29 Oct 14 23:44:59
RT @AmericanBanking: Insider Selling: John B. Morlock Unloads 12,000 Shares of Potbelly Corp Stock $PBPB http://t.co/GneTXguJDT
Ticker Report
29 Oct 14 18:24:20
Potbelly Corp COO John B. Morlock Unloads 12,000 Shares $PBPB http://t.co/DubRDQdZ26
Sleek Money
29 Oct 14 18:08:10
Insider Selling: John B. Morlock Unloads 12,000 Shares of Potbelly Corp Stock $PBPB http://t.co/gX6bnMFOSz
US Banking News
29 Oct 14 17:57:23
Insider Selling: John B. Morlock Unloads 12,000 Shares of Potbelly Corp Stock $PBPB http://t.co/GneTXguJDT
Gabriel Román
29 Oct 14 07:34:10
@jimcramer is $PBPB subject to same food cost as $PNRA considering how they don't sell "finer" foods & just stick to sandwiches?
equities.com
29 Oct 14 00:50:06
Potbelly Corp (PBPB) Jumps 5.53% on October 28 $PBPB http://t.co/7VZthz9We8
Stock Relay
28 Oct 14 21:01:51
stockblaster14: Stock Alerts: Potbelly Corp (PBPB) 13.73 $PBPB 1 Quote Fast http://t.co/4mGhVjMieS
stockblaster14
28 Oct 14 20:58:48
Potbelly Corp (PBPB) 13.73 $PBPB 1 Quote Fast Food Investors Need To Hear Jeremy Bowman, The Motley Fool - Mot http://t.co/nlIec4dhcS
Don
28 Oct 14 15:47:05
RT @chessNwine: NEW POST: It’s Alive! http://t.co/ItKQLSycrE $IWM $PBPB $QQQ $SPY $TZA
Todd in Florida
28 Oct 14 12:44:08
Meetup tonight at the $PBPB to compare potbellies. Largest circumference wins unlimited gravy for a year. Invite the inlaws ...
Todd in Florida
28 Oct 14 12:28:38
As the V bottom is the new tight, flat base - so too is a potbelly the new 6 pack abs $PBPB
Todd in Florida
28 Oct 14 12:24:21
'Fess up you fat bastards on my stream. You picked up that potbelly of yours at $PBPB.
Todd in Florida
28 Oct 14 12:14:23
The potbelly stove is fired up and ready to go $PBPB
Chess
28 Oct 14 11:52:30
NEW POST: It’s Alive! http://t.co/ItKQLSycrE $IWM $PBPB $QQQ $SPY $TZA
Todd in Florida
28 Oct 14 11:15:20
Pull a chair up to the feeding trough and get your potbelly on! $PBPB
Fred Masotta
28 Oct 14 10:53:07
High short interest restaurant stocks ripping today $CHUY $LOCO $ZOES $PBPB
Todd in Florida
28 Oct 14 09:20:00
$PBPB Long setup: 28% shorted, EPS due 11/04 http://t.co/s0DfrESITN
Naz
28 Oct 14 09:09:13
$PBPB - http://t.co/VJIRfLeXtx #stockcharts
Chess
28 Oct 14 08:29:43
NEW POST: Fishing for the IPO’s and Bottom-Dwellers http://t.co/IeKPCgXhUP $BABA $LOCO $TUBE $PBPB $SEAS
stockblaster14
27 Oct 14 23:27:34
Potbelly Corp (PBPB) 13.01 $PBPB 4 More Reasons to Stay Away From Dave & Buster's Rich Duprey, The Motley Fool http://t.co/GTmGE25nsx
John A. Gordon
27 Oct 14 09:09:46
$NDLS, $PBPB: we need a year one IPO valuation view (higher) and a year two and out IPO view (realistic). http://t.co/tAyaXiUiUC
Mark Brandau
27 Oct 14 06:49:41
Can $NDLS & $PBPB Stock Recover? http://t.co/BfM0EDo5o8 by @jonathanmaze, who I'm convinced does not sleep.
Mohan Venigalla
26 Oct 14 18:39:31
@BarbarianCap Some of the stocks you follow are in the list: $NDLS, $PBPB, $NUS
Ben Silverberg
26 Oct 14 08:33:16
Fallen IPO $PBPB reclaims 20/50dMAs, forming Bullish Pennant, S 12.97; Gap Fill from 07/09 in the upper stratosphere at 14.51; No Thanks.
Stock Relay
26 Oct 14 06:03:52
$CKSW Market Cap Click Here: http://t.co/KDpBc96LGM Also See: $APOG $BTF $PBPB $KTP ~
stockblaster14
25 Oct 14 14:18:08
Potbelly Corp (PBPB) 13.01 $PBPB Potbelly Corporation to Issue Results for Third Quarter 2014 on November 4, 2 http://t.co/sgMOKHZtHp
cosiaddict
25 Oct 14 07:10:27
RT @attivacapital: $COSI : ".. we are executing to drive this Company to profitability ." http://t.co/WEN1BETU69 … $PNRA $CMG $YUM $MCD $PB…
Mr Charlie
24 Oct 14 17:01:24
@RetroWallSt $PBPB Rode the turd earlier this year.
kpricestox
24 Oct 14 11:57:42
$pbpb flagging on daily and can close above 100 day
Attiva Capital
24 Oct 14 09:46:40
$COSI : ".. we are executing to drive this Company to profitability ." http://t.co/WEN1BETU69 … $PNRA $CMG $YUM $MCD $PBPB $DFRG $DRI
StockConsultant.com
24 Oct 14 09:26:51
$PBPB (Potbelly Corporation) stock breakout watch, still has a good amount of price gap left, http://t.co/55oQqrWSg7 http://t.co/Mj5id0Q5zM
RC
24 Oct 14 08:20:41
Potential Intraday Runners |http://t.co/xKyvVISux2 $CLF, $ACHN, $CLDX, $KNDI, $DATA, $DGLY, $XONE, $PBPB, $FMI
Stock Relay
24 Oct 14 03:06:57
$RJET Bid Click Here: http://t.co/hoPHYYI7Xs Also See: $PBPB $CBX $MLP $LTBR ~
Greenman327
23 Oct 14 23:53:19
$PBPB been eyeing this baby for a while and I may take a chance if it gets to 12.70 with a stop under 12.60
stockblaster14
23 Oct 14 23:40:28
Potbelly Corp (PBPB) 12.77 $PBPB Potbelly Corporation to Issue Results for Third Quarter 2014 on November 4, 2 http://t.co/8KVCokvKVs
Penny Stock Secret
23 Oct 14 11:00:30
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/SVqoMkrw2z .. $SORL $FES $PBPB
				
				
By  +Follow October 4, 2013 6:16AM
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