BidaskClub Lowers Potbelly (PBPB) to Strong Sell

BidaskClub cut shares of Potbelly (NASDAQ:PBPB) from a sell rating to a strong sell rating in a report issued on Friday, December 22nd.

Several other brokerages also recently issued reports on PBPB. Zacks Investment Research upgraded shares of Potbelly from a sell rating to a hold rating in a research report on Wednesday, August 30th. Maxim Group reissued a hold rating and set a $11.00 price objective on shares of Potbelly in a report on Friday, October 6th. Piper Jaffray Companies raised Potbelly from a neutral rating to an overweight rating and boosted their price objective for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Finally, Robert W. Baird reissued a hold rating and set a $13.00 price objective on shares of Potbelly in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Potbelly presently has a consensus rating of Hold and an average price target of $14.50.

Potbelly (NASDAQ PBPB) remained flat at $$13.15 on Friday. The company’s stock had a trading volume of 101,764 shares, compared to its average volume of 154,135. Potbelly has a 1-year low of $10.50 and a 1-year high of $14.28. The stock has a market cap of $326.17, a price-to-earnings ratio of 34.61, a P/E/G ratio of 1.84 and a beta of 0.93.

Potbelly (NASDAQ:PBPB) last issued its earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $107.75 million. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. equities analysts anticipate that Potbelly will post 0.3 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PBPB. Schwab Charles Investment Management Inc. boosted its position in Potbelly by 5.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 74,162 shares of the company’s stock worth $1,031,000 after acquiring an additional 4,104 shares during the last quarter. Rhumbline Advisers boosted its position in Potbelly by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 26,741 shares of the company’s stock worth $308,000 after acquiring an additional 1,470 shares during the last quarter. Alps Advisors Inc. boosted its position in Potbelly by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 37,265 shares of the company’s stock worth $429,000 after acquiring an additional 96 shares during the last quarter. Prudential Financial Inc. boosted its position in Potbelly by 60.8% during the 2nd quarter. Prudential Financial Inc. now owns 79,100 shares of the company’s stock worth $910,000 after acquiring an additional 29,900 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in Potbelly during the 2nd quarter worth approximately $392,000. 73.29% of the stock is owned by institutional investors and hedge funds.

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Potbelly Company Profile

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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