logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Potbelly (PBPB) IPO Sends Shares Soaring

By  +Follow October 4, 2013 6:16AM
Share:
Tickers Mentioned:

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.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for PBPB
BreakingStocksNews
5 Mar 15 06:15:08
$PBPB: Bryant L. Keil Sells 59575 Shares of Potbelly Corp Stock (PBPB): http://t.co/uXGfQsO4Wa
Thomas Clancy, CFA
5 Mar 15 05:25:52
Did $PBPB CEO just say he is taking salt out of his sammies? That is the kiss of death. Rule #1 in branding...Don't change the product!
steve smith
5 Mar 15 05:23:07
Not the sodium, don't take away the sodium $PBPB
Roberee
5 Mar 15 05:20:03
$PBPB digital...mobile...social...just throwing those terms out will not help.
Squawk Box
5 Mar 15 05:17:47
It's sandwich time on Squawk! @Potbelly CEO Aylwin Lewis is on set with us now, tune in! $PBPB
Roberee
5 Mar 15 05:16:07
$PBPB CEO hawking breakfast options on CNBC, oh great...at least, smile a little.
ProVesting
4 Mar 15 20:36:02
$PBPB: Potbelly Corp Director Bryant L. Keil Sells 59575 Shares (PBPB): http://t.co/6QyiVeki5v
WKRB News
4 Mar 15 20:28:14
Potbelly Corp Director Bryant L. Keil Sells 59,575 Shares $PBPB http://t.co/WU4Mx3Nh36
StockNewsWires
4 Mar 15 19:36:03
$PBPB: Potbelly Corp Director Bryant L. Keil Sells 59575 Shares (PBPB): http://t.co/frNhH7Mh2n
US Banking News
4 Mar 15 19:35:46
Potbelly Corp Director Bryant L. Keil Sells 59,575 Shares $PBPB http://t.co/1U2ZMZaXEX
InterCooler
4 Mar 15 19:33:05
Potbelly Corp Director Bryant L. Keil Sells 59,575 Shares $PBPB http://t.co/rFJZWuF2Vw
Penny Stock Secret
4 Mar 15 18:38:32
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $SORL $FES $PBPB
Barbarian Capital
4 Mar 15 15:58:56
Bryant Keil of Potbelly $PBPB is relentless in his selling of $PBPB stock.
StockNewsWires
4 Mar 15 15:44:02
$PBPB: New Insider Transaction on PBPB by Director: http://t.co/JesuOi6FTZ
Insider Alerts
4 Mar 15 15:43:25
NEW insider transaction on $PBPB reported a moment ago: http://t.co/AkWVXQy7hT
Insider Filings
4 Mar 15 15:42:04
$PBPB: KEIL BRYANT L sold a net $785,014 in POTBELLY CORP. http://t.co/owd5tJBTSl
Matt Landman
4 Mar 15 14:57:54
11 stock bubbles that have Already happened http://t.co/HhXUHNRI1t $BABA $PBPB $ZNGA $GPRO $ANGI #bears
#HelpYouGetGAINS
4 Mar 15 13:38:27
#Stocks to watch from The Value Line Investment Survey: $PBPB $FOSL $JACK $H $ACT $AMC $CNK $LZB $RAX $HLT $ADI $DUK $GRMN...
John Q. Taxpayer
4 Mar 15 11:25:18
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Nick Mariella
4 Mar 15 11:23:52
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Austin Wentzlaff
4 Mar 15 10:31:55
Noodles & Co CEO Buys $92,000.00 in Stock $NDLS http://t.co/YubYCqv2TO #Stockstobuy #stocks #Bullish $CMG $PBPB $SHAK $PNRA $YUM $MCD $LOCO
Luis Sartorio
4 Mar 15 10:21:01
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Jaymz Hetfield
4 Mar 15 10:19:01
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Holmes Unlimited
4 Mar 15 10:07:07
MarketWatch: RT SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more … http://t.co/kK2n3WXViY
Steven Schoenfeld
4 Mar 15 10:04:53
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Miguel Lares
4 Mar 15 09:57:39
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
stockmarketnow
4 Mar 15 09:55:12
RT SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/tbAgMk9Z7D Via… http://t.co/StBDY1fXhs
The Markets
4 Mar 15 09:52:32
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Team Gold
4 Mar 15 09:51:08
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Portfolio Personal
4 Mar 15 09:48:26
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Christian Lupinacci
4 Mar 15 09:48:07
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
TOMMY CHUNG
4 Mar 15 09:47:02
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
UKAZ
4 Mar 15 09:45:51
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
MarketWatch
4 Mar 15 09:45:41
RT @SilviaAscarelli: Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/…
Silvia Ascarelli
4 Mar 15 09:45:20
Bubbles that have already popped: $GPRO, $BABA, $PBPB,$P and more http://t.co/i27p5cInn8 Via @TomiKilgore http://t.co/qa0wlvhC1X
Jessica Wohl
4 Mar 15 07:05:07
Potbelly CEO: We have very few shops that don’t make money $PBPB
VASComm Ltd.
4 Mar 15 06:53:14
RT @jessicawohl: Potbelly CEO tells BofAML conference the Northeast expansion wasn’t an A+ but it wasn’t an F $PBPB
Ben Berkowitz
4 Mar 15 06:49:09
RT @jessicawohl: Potbelly CEO: customers are very loyal to a particular sandwich & getting them to try a new one "is like cheating on a spo…
Jessica Wohl
4 Mar 15 06:47:34
Potbelly CEO tells BofAML conference the Northeast expansion wasn’t an A+ but it wasn’t an F $PBPB
Jessica Wohl
4 Mar 15 06:46:11
Potbelly CEO: customers are very loyal to a particular sandwich & getting them to try a new one "is like cheating on a spouse” What?!? $PBPB
SmallCaps
4 Mar 15 06:01:21
The definitive guide to making money selling #stock #trading products! http://t.co/NKBl6EHwcB $FOSL $RAX $JRJC $SRPT $PBPB
iHangout
3 Mar 15 10:05:37
clayton: Most Active Stocks: PBPB 13.07 Potbelly Corp $PBPB added to my watch http://t.co/mkncUlvuwh
iHangout
3 Mar 15 10:03:37
clayton: Most Active Stocks: PBPB 13.07 Potbelly Corp $PBPB added to my watch http://t.co/Sotb82eO88
iHangout
3 Mar 15 10:03:35
clayton: $PBPB Potbelly Corporation: PBPB 13.07 Potbelly Corp $PBPB stock added to my http://t.co/gRmp5TLBMz
clayton
3 Mar 15 10:02:26
PBPB 13.07 Potbelly Corp $PBPB added to my watch list. Right now with PBPB I am watching the last price 13.07 http://t.co/BNcdTMBBtl
clayton
3 Mar 15 10:02:04
$PBPB PBPB 13.07 Potbelly Corp $PBPB stock added to my watch list. Right now with PBPB I am watching the last price http://t.co/CVQHF7GQfy
#HelpYouGetGAINS
3 Mar 15 07:55:39
#Stocks to watch from The Value Line Investment Survey: $PBPB $FOSL $JACK $H $ACT $AMC $CNK $LZB $RAX $HLT $ADI $DUK $GRMN...
Breaking News Now
3 Mar 15 05:31:06
$PBPB: Insider Transaction Update: Potbelly Corporation COO Sells ...: http://t.co/LZdRTYTock
Breaking News
3 Mar 15 05:12:11
$PBPB: Will Potbelly (PBPB) Crush Estimates at Its Next Earnings Report?: http://t.co/XEj0MT2ygY
HotKeyTrading
3 Mar 15 00:00:05
Hedge Funds Accumulating: $FUL $NAV $ASNA $RRD $ATHN $ECA $SM $BAX $PBPB $EFA $CNQ $SD $GDXJ $KGC $CSTM http://t.co/kl3VGOukhn #dow #stocks
				
				
By  +Follow October 4, 2013 6:16AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.