Shares of Potbelly Corporation (NASDAQ:PBPB) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.33.
PBPB has been the subject of a number of research reports. Zacks Investment Research raised shares of Potbelly from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Potbelly in a research note on Tuesday, September 19th. Piper Jaffray Companies raised shares of Potbelly from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $12.00 to $17.00 in a research note on Thursday, September 28th. Maxim Group reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Potbelly in a research note on Friday, October 6th. Finally, BidaskClub lowered shares of Potbelly from a “sell” rating to a “strong sell” rating in a research note on Friday, December 22nd.
Shares of Potbelly (PBPB) opened at $12.50 on Thursday. The stock has a market cap of $310.05, a price-to-earnings ratio of 138.90, a PEG ratio of 2.08 and a beta of 0.93. Potbelly has a one year low of $10.50 and a one year high of $14.28.
Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. The company had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. analysts anticipate that Potbelly will post 0.3 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Highland Private Wealth Management bought a new position in Potbelly in the second quarter worth about $146,000. Engine Capital Management LLC bought a new position in Potbelly in the second quarter worth about $154,000. Voya Investment Management LLC raised its holdings in Potbelly by 19.6% in the second quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after purchasing an additional 2,382 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new position in Potbelly in the third quarter worth about $186,000. Finally, First Trust Advisors LP bought a new position in Potbelly in the third quarter worth about $231,000. 73.29% of the stock is owned by institutional investors.
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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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