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Added to YB: 2024-02-19

Pitch date: 2024-02-01

PBPB [bullish]

Potbelly Corporation

+34.91%

current return

Author Info

No bio for this author

Company Info

Potbelly Corporation, together with its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States.

Market Cap

$518.0M

Pitch Price

$12.69

Price Target

N/A

Dividend

N/A

EV/EBITDA

8.12

P/E

49.43

EV/Sales

1.38

Sector

Hotels, Restaurants and Leisure

Category

turnaround

Show full summary:
Immersion Investments Portfolio Holding - Potbelly

PBPB: Sandwich chain turnaround under ex-Wendy's COO. Avg sales $1.3M/store, industry-leading margins. 192 new locations committed. Path to $40M EBITDA, $1+ FCF/share vs $350M EV, $12.50 price. Beats guidance 8 qtrs, 11x EBITDA vs peers 55x. 20% annual FCF/share growth, deserves higher valuation.

Read full article (2 min)