Potbelly Corporation (PBPB) Receives $13.67 Average Price Target from Analysts

Shares of Potbelly Corporation (NASDAQ:PBPB) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $13.67.

Several research analysts have commented on the company. Maxim Group downgraded 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. Zacks Investment Research raised Potbelly Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub downgraded Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies raised Potbelly Corporation from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a research report on Tuesday, September 19th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osborn Williams & Donohoe LLC bought a new stake in shares of Potbelly Corporation during the third quarter valued at approximately $186,000. Highland Private Wealth Management bought a new stake in shares of Potbelly Corporation during the second quarter valued at approximately $146,000. The Manufacturers Life Insurance Company increased its position in shares of Potbelly Corporation by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock valued at $241,000 after purchasing an additional 354 shares during the period. Engine Capital Management LLC bought a new stake in shares of Potbelly Corporation during the second quarter valued at approximately $154,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Potbelly Corporation by 0.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock valued at $3,263,000 after purchasing an additional 1,101 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

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Shares of Potbelly Corporation (PBPB) traded up 0.81% during mid-day trading on Friday, reaching $12.50. 197,063 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $11.86 and a 200-day moving average price of $11.97. The company has a market capitalization of $314.06 million, a P/E ratio of 78.62 and a beta of 0.91. Potbelly Corporation has a 1-year low of $10.50 and a 1-year high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The business had revenue of $108.10 million during the quarter, compared to the consensus estimate of $109.78 million. Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, equities research analysts forecast that Potbelly Corporation will post $0.32 earnings per share for the current fiscal year.

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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