Shares of Potbelly Corporation (NASDAQ:PBPB) have received an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.00.
A number of equities analysts have recently commented on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a report on Tuesday. Maxim Group cut their price target on Potbelly Corporation from $13.00 to $11.00 and set a “hold” rating for the company in a report on Friday, August 4th. Zacks Investment Research raised Potbelly Corporation from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub lowered Potbelly Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, TheStreet lowered Potbelly Corporation from a “b-” rating to a “c” rating in a report on Monday, June 19th.
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Potbelly Corporation (NASDAQ PBPB) traded up 0.44% during mid-day trading on Tuesday, hitting $11.40. The stock had a trading volume of 37,300 shares. The firm’s 50-day moving average is $11.36 and its 200 day moving average is $12.14. The company has a market cap of $286.42 million, a price-to-earnings ratio of 71.70 and a beta of 0.90. Potbelly Corporation has a 12 month low of $10.50 and a 12 month high of $14.55.
Potbelly Corporation (NASDAQ:PBPB) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The company had revenue of $108.10 million during the quarter, compared to the consensus estimate of $109.78 million. During the same period in the previous year, the business earned $0.13 earnings per share. Potbelly Corporation’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Potbelly Corporation will post $0.32 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of PBPB. Teachers Advisors LLC boosted its stake in Potbelly Corporation by 21.3% during the fourth quarter. Teachers Advisors LLC now owns 45,519 shares of the company’s stock valued at $587,000 after buying an additional 7,984 shares during the period. Russell Investments Group Ltd. boosted its stake in Potbelly Corporation by 131.4% during the first quarter. Russell Investments Group Ltd. now owns 25,233 shares of the company’s stock valued at $351,000 after buying an additional 14,329 shares during the period. Wells Fargo & Company MN boosted its stake in Potbelly Corporation by 12.2% during the first quarter. Wells Fargo & Company MN now owns 61,223 shares of the company’s stock valued at $852,000 after buying an additional 6,653 shares during the period. First Trust Advisors LP bought a new stake in Potbelly Corporation during the first quarter valued at $568,000. Finally, Bank of New York Mellon Corp boosted its stake in Potbelly Corporation by 52.6% during the first quarter. Bank of New York Mellon Corp now owns 243,758 shares of the company’s stock valued at $3,389,000 after buying an additional 83,992 shares during the period. 72.75% of the stock is owned by institutional investors.
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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