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Potbelly (PBPB)

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 400 company-owned shops in the United States. Additionally, Potbelly franchisees operate over 40 shops in the United States.

Company profile

Ticker
PBPB
Exchange
CEO
Alan Johnson
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Potbelly Illinois, Inc. • Potbelly Sandwich Works, LLC • Potbelly Franchising, LLC • PSW 555 Twelfth Street, LLC • PSW DC Acquisition LLC • Potbelly Sandwich Works DC-1, LLC • Potbelly Airport II Boston, LLC • PSW PBD Acquisition LLC • PSW Rockville Center, LLC • PSW West Jackson, LLC ...

PBPB stock data

Calendar

4 Aug 22
1 Oct 22
30 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.66M 14.66M 14.66M 14.66M 14.66M 14.66M
Cash burn (monthly) (no burn) (no burn) (no burn) 1M (no burn) (no burn)
Cash used (since last report) n/a n/a n/a 3.18M n/a n/a
Cash remaining n/a n/a n/a 11.47M n/a n/a
Runway (months of cash) n/a n/a n/a 11.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Sep 22 Douglas Jeffrey Common Stock Payment of exercise Dispose F No No 4.53 6,933 31.41K 135,847
20 Sep 22 Wright Robert D. Common Stock Payment of exercise Dispose F No No 4.92 2,725 13.41K 599,011
31 Aug 22 Adam P Noyes Common Stock Buy Acquire P No No 5.49 1,840 10.1K 160,196
28 Aug 22 Adam P Noyes Common Stock Payment of exercise Dispose F No No 6 6,418 38.51K 158,356
23 Aug 22 David Scott Daniels Common Stock Payment of exercise Dispose F No No 6.01 4,111 24.71K 60,358
12.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 56 55 +1.8%
Opened positions 4 2 +100.0%
Closed positions 3 8 -62.5%
Increased positions 13 14 -7.1%
Reduced positions 13 15 -13.3%
13F shares Current Prev Q Change
Total value 108.41M 121.35M -10.7%
Total shares 19.73M 19.55M +0.9%
Total puts 0 0
Total calls 19.2K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
Nierenberg Investment Management 2.52M $14.26M +7.9%
Archon Capital Management 2.33M $13.14M 0.0%
TURN 180 Degree Capital 2.28M $12.2M 0.0%
Renaissance Technologies 1.56M $8.82M -0.3%
Soviero Asset Management 1.35M $7.63M +5.1%
Soviero Thomas Todd 1.28M $7.14M 0.0%
Chain of Lakes Investment Fund 1.27M $4.92M 0.0%
Punch & Associates Investment Management 1.24M $6.99M 0.0%
Vanguard 1.01M $5.7M +0.9%
Vann A. AvedisianTrust U/A 8/29/85 643.57K $2.78M 0.0%
Largest transactions Shares Bought/sold Change
Nierenberg Investment Management 2.52M +185.06K +7.9%
Susquehanna International 29.12K -93.21K -76.2%
First Eagle Investment Management 283.32K +91.13K +47.4%
Victory Capital Management 129K -87.1K -40.3%
Soviero Asset Management 1.35M +65.88K +5.1%
Quantum Financial Advisors 63.18K +63.18K NEW
Dimensional Fund Advisors 538.88K -32.26K -5.6%
D. E. Shaw & Co. 71.74K -25.95K -26.6%
Arrowstreet Capital, Limited Partnership 0 -17.88K EXIT
Qube Research & Technologies 15.94K +15.94K NEW

Financial report summary

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Management Discussion
  • Total revenues increased by $18.5 million, or 18.9%, to $116.0 million during the quarter ended June 26, 2022, from $97.5 million during the quarter ended June 27, 2021. This increase was primarily driven by the sustained recovery of our shops in central business district and airport locations, improved performance of our catering channel, successful marketing programs, and increased prices to offset cost inflation. Company-operated comparable store sales resulted in an increase in revenue of $16.5 million, or 17.2%. The increases in sales during the first quarter of 2022 also included sales of $2.3 million of shops that were temporarily closed in 2021 that have since re-opened. These increases were partially offset by a decrease in sales of $0.5 million due to shops that have permanently closed during the last year. Additionally, revenue from franchise royalties and fees increased by $0.2 million, or 34.5%.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: airport, catering, channel, district, equaling, extinguishment, notification, recovery, refranchising, SBA, successful, sustained
Removed: easing, government, imposed, obtained, remain