Professional
Added to YB: 2024-03-04
Pitch date: 2024-02-29
PBPB [bullish]
Potbelly Corporation
+22.99%
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
$13.92
Price Target
27.34 (+60%)
Dividend
N/A
EV/EBITDA
8.12
P/E
49.43
EV/Sales
1.38
Sector
Hotels, Restaurants and Leisure
Category
growth
Artko Capital Portfolio Holding: Potbelly Corporation
PBPB 17% of portfolio, bought at $3.70 now $14. Up 100% in 2023, 30% YTD. Transitioning to 2000+ franchises under ex-Wendy's COO. 2023 SSS 12%, margins to 14%, AUVs $1.3M. Revenue to $490M, EBITDA $30M. Franchises +92% YoY to 69. Goal 25% franchise mix, agreements for 150 new locations, could add $5-$40 to share value. Retaining 80% of shares, confident in further doubling potential.
Read full article (2 min)