Media stories about Potbelly Corporation (NASDAQ:PBPB) have been trending somewhat positive on Friday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Potbelly Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.4831752301226 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
A number of brokerages have recently weighed in on PBPB. Maxim Group lowered Potbelly Corporation from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Friday, July 21st. Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Potbelly Corporation in a research report on Friday, October 20th. Zacks Investment Research lowered Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub cut Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies upgraded Potbelly Corporation from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Potbelly Corporation currently has an average rating of “Hold” and an average target price of $13.67.
Potbelly Corporation (NASDAQ PBPB) traded up 2.50% on Friday, hitting $12.30. The stock had a trading volume of 342,465 shares. The company has a 50-day moving average price of $11.89 and a 200 day moving average price of $11.91. The firm has a market cap of $309.04 million, a PE ratio of 77.36 and a beta of 0.91. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55.
Potbelly Corporation (NASDAQ:PBPB) last issued its earnings results on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.68%. The company had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $109.78 million. During the same period last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that Potbelly Corporation will post $0.32 earnings per share for the current fiscal year.
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About Potbelly Corporation
Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.
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