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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
John Brick
30 Jan 15 10:33:15
RT @Blu_Horseshoe: Let's not forget how much $PBPB $NDLS $TCS IPO's went. All up more than 100% on IPO too.
Barbarian Capital
30 Jan 15 09:54:29
RT @Blu_Horseshoe: Let's not forget how much $PBPB $NDLS $TCS IPO's went. All up more than 100% on IPO too.
Blue Horseshoe
30 Jan 15 09:53:53
Let's not forget how much $PBPB $NDLS $TCS IPO's went. All up more than 100% on IPO too.
Paul R. La Monica
30 Jan 15 09:39:59
Make that a Double Shack. $SHAK up 130%. Next $CMG or fad? $LOCO $HABT $ZOES $PBPB have cooled. Don't forget $KKD! http://t.co/wNjwnU6KQH
Roberee
30 Jan 15 09:36:40
$MCD One Chicago food CEO is kicked out...time for another $PBPB.
Option Millionaires
30 Jan 15 09:18:56
RT @JFinDallas: Ok then, $SHAK another name added to the list, the quest (curse?) continues... #GoodLuckWithThatOne $LOCO $PBPB $NDLS http:…
Jean Fonteneau
30 Jan 15 09:15:23
Ok then, $SHAK another name added to the list, the quest (curse?) continues... #GoodLuckWithThatOne $LOCO $PBPB $NDLS http://t.co/MYBfdQx6Kx
Aaron Levitt
30 Jan 15 07:37:34
Before you go absolutely ape for $SHAK -remember $PBPB & $LOCO.
RasRisingCapital
30 Jan 15 07:31:04
i think there is a bubble around the fast food ... $SHAK $CMG $PBPB $LOCO..or is it just me?
Binary Option
30 Jan 15 07:12:23
RT @LifeSciencesMkt: Shake Shack $IPO $40+ Its Noodles N-O-O-D-L-E-S $NDLS $PBPB $SHAK
LifeSciencesMkt
30 Jan 15 07:09:26
Shake Shack $IPO $40+ Its Noodles N-O-O-D-L-E-S $NDLS $PBPB $SHAK
dean collins
30 Jan 15 06:20:51
RT @WrigleyTom: Chipotle Stands Alone: Fast Casual vs. Fast Food http://t.co/HtSThzrcJ7 h/t @howardlindzon $CMG $PBPB $PNRA $MCD http://t…
DR JAMES CABOT
30 Jan 15 05:18:29
RT @WrigleyTom: Chipotle Stands Alone: Fast Casual vs. Fast Food http://t.co/HtSThzrcJ7 h/t @howardlindzon $CMG $PBPB $PNRA $MCD http://t…
David J. Teicher
30 Jan 15 05:15:26
RT @WrigleyTom: Chipotle Stands Alone: Fast Casual vs. Fast Food http://t.co/HtSThzrcJ7 h/t @howardlindzon $CMG $PBPB $PNRA $MCD http://t…
howardlindzon
30 Jan 15 05:14:25
RT @WrigleyTom: Chipotle Stands Alone: Fast Casual vs. Fast Food http://t.co/HtSThzrcJ7 h/t @howardlindzon $CMG $PBPB $PNRA $MCD http://t…
Tom Wrigley
30 Jan 15 05:09:56
Chipotle Stands Alone: Fast Casual vs. Fast Food http://t.co/HtSThzrcJ7 h/t @howardlindzon $CMG $PBPB $PNRA $MCD http://t.co/CPXkjDdWOI
equities.com
30 Jan 15 04:03:44
What's Going on With McDonald's (MCD)? $SHAK $habt $NDLS $PBPB $DRI $RT $CMG $MCD http://t.co/i04xoUsSKG
Clark Joseph Kent
29 Jan 15 19:54:33
Everyone is trying to be the next $CMG. Will the $SHAK IPO come close? $DNKN $PBPB $LOCO $FRSH $PLAY $HABT $NDLS http://t.co/P6iuBQCSVF
Christian DeHaemer
29 Jan 15 10:16:21
RT @jeffsiegel: Why I'm Bullish on the Shake Shack IPO: http://t.co/lHMAqNfWvP @shakeshack $CMG $SHAK $PBPB $NDLS
Jeff Siegel
29 Jan 15 09:47:46
Why I'm Bullish on the Shake Shack IPO: http://t.co/lHMAqNfWvP @shakeshack $CMG $SHAK $PBPB $NDLS
StockNewsWires
29 Jan 15 09:46:02
$CMG $PBPB: Shake Shack IPO and the Quest for the Next Chipotle (NYSE: CMG): http://t.co/7cuM8sJNk8
Chasing Stars
29 Jan 15 06:30:09
Stocks Trending Now: http://t.co/TOZZHCVUR3 $PBPB $POTRF $SBRA $ESBF $NSTG $KNCRF $HMNC $NRKC $PTY $DSM $ERIE $STEM ~
LifeSciencesMkt
28 Jan 15 12:56:07
Shake Shack seeks to expand IPO and cement footing with peers' post-IPO performance including Potbelly and Noodles & Co. $PBPB $NDLS $SHAK
Jinx
28 Jan 15 11:37:16
Per location restaurant value comparisons: $pbpb $3 mil, $loco 1.1 mil at time of IPOs. $CMG is at $14 mil. $Shak 14 as well? Come on man!
TheStreet Alerts
28 Jan 15 08:05:12
Potbelly $PBPB Upgraded From Sell to Hold http://t.co/jp5C0mCrGe
Trader Daily
28 Jan 15 08:02:05
Potbelly $PBPB Upgraded From Sell to Hold http://t.co/ok28qpFlEG
Ticker Report
28 Jan 15 05:41:36
Potbelly Corp Upgraded at TheStreet $PBPB http://t.co/RV83DHe0ma
Dakota Financial
27 Jan 15 18:37:32
Potbelly Corp Stock Rating Upgraded by TheStreet $PBPB http://t.co/wClQOhAPBJ
US Banking News
27 Jan 15 18:10:41
Potbelly Corp Lifted to “Hold” at TheStreet $PBPB http://t.co/Mw2JuIefyU
ProTradersNews
27 Jan 15 17:51:01
$PBPB: Potbelly Corp Upgraded by TheStreet to "Hold" (PBPB): http://t.co/cRn8I3SY3t
InterCooler
27 Jan 15 17:47:48
Potbelly Corp Upgraded by TheStreet to “Hold” $PBPB http://t.co/NytcJedC2e
US Consumer News
27 Jan 15 17:38:46
Potbelly Corp upgraded by TheStreet to hold. http://t.co/htNoVT4jJt $PBPB #PBPB
WKRB News
27 Jan 15 17:33:37
Potbelly Corp Upgraded to Hold at TheStreet $PBPB http://t.co/fRs1bhRmw6
Analyst Ratings
27 Jan 15 17:30:53
Potbelly Corp upgraded by TheStreet to hold. http://t.co/48mJHOO2B5 $PBPB #PBPB
ProTradersNews
26 Jan 15 12:31:04
$PBPB: World of Beer to open first Triad location: http://t.co/b6kL5zHtJc
OptionCast
26 Jan 15 06:40:39
Short Squeeze Alerts $MCP $CMCM $CZR $KYTH $PBPB $INVN $VHC $Z $SFXE http://t.co/UrAj7j0U90
Penny Stock Secret
25 Jan 15 22:14:52
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $SORL $FES $PBPB
chartguy89
24 Jan 15 18:53:25
PBPB -1.33% Stock Charts $PBPB Potbelly Corp. (NASDAQ) Last Updated: 01/24/2015 20:53:28 PBPB Stock Chart - 1 http://t.co/YvWXWhlrva
Michael
24 Jan 15 11:41:38
@jimcramer @jbentonr1903 $SHAK is being valued at 5x sales. Big prem compared to $LOCO 2.5x, $NDLD 2.0x, $PBPB 1.2x
OTCADDICT
24 Jan 15 06:36:06
RT @ViralPennies: $BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/WcN4jAhNpD
Tomorrows Bluechips
24 Jan 15 06:26:12
RT @ViralPennies: $BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/WcN4jAhNpD
Viral Pennies
23 Jan 15 08:51:18
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/WcN4jAhNpD
TRADINGPENNYSTOCKS
23 Jan 15 08:51:18
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/yq4FYy8oMQ
Speculative Trader
23 Jan 15 08:51:18
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/SUNcw4fPts
sharesinplay
23 Jan 15 08:51:17
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/QqsmcaT03v
SexyStocks
23 Jan 15 08:51:17
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/hI6nRRAK9Q
ROCTHESTOCK
23 Jan 15 08:51:17
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/Uy93VbkA8X
Ragingbull alerts
23 Jan 15 08:51:16
$BOBE $TAST $GTIM $FRSH $COSI $FRS $PBPB $FRGI $QSR $CBRL $BLMN $MFRD $ZOES $MCD $YUM http://t.co/qC3C81y5P4
PRETTYYOGAGIRL
23 Jan 15 08:51:16
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pennystock seeker
23 Jan 15 08:51:16
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By  +Follow October 4, 2013 6:16AM
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