Potbelly Corporation (NASDAQ:PBPB) – Analysts at William Blair upped their Q2 2017 earnings estimates for shares of Potbelly Corporation in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia now forecasts that the brokerage will earn $0.16 per share for the quarter, up from their prior estimate of $0.14. William Blair also issued estimates for Potbelly Corporation’s Q4 2017 earnings at $0.13 EPS and FY2018 earnings at $0.52 EPS.

Potbelly Corporation (NASDAQ:PBPB) last released its earnings results on Tuesday, February 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.08. The business had revenue of $102.40 million for the quarter, compared to analyst estimates of $102.27 million. Potbelly Corporation had a return on equity of 8.23% and a net margin of 1.87%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share.

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A number of other brokerages also recently commented on PBPB. Maxim Group raised Potbelly Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Monday, November 7th. Zacks Investment Research downgraded Potbelly Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Potbelly Corporation presently has a consensus rating of “Hold” and a consensus target price of $14.30.

Potbelly Corporation (NASDAQ:PBPB) traded down 0.181% on Thursday, hitting $13.775. The stock had a trading volume of 191,610 shares. Potbelly Corporation has a 12-month low of $11.50 and a 12-month high of $14.99. The company’s 50 day moving average price is $13.06 and its 200-day moving average price is $13.15. The company has a market cap of $346.98 million, a price-to-earnings ratio of 44.435 and a beta of 0.96.

In other Potbelly Corporation news, SVP Matthew J. Revord sold 10,000 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $13.13, for a total transaction of $131,300.00. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $131,300. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 9.30% of the company’s stock.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Potbelly Corporation during the fourth quarter worth approximately $146,000. Numeric Investors LLC purchased a new position in Potbelly Corporation during the second quarter worth approximately $157,000. Stevens Capital Management LP increased its position in Potbelly Corporation by 11.6% in the third quarter. Stevens Capital Management LP now owns 12,960 shares of the company’s stock worth $161,000 after buying an additional 1,349 shares in the last quarter. Stephens Inc. AR increased its position in Potbelly Corporation by 17.1% in the third quarter. Stephens Inc. AR now owns 15,100 shares of the company’s stock worth $188,000 after buying an additional 2,200 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Potbelly Corporation during the third quarter worth approximately $214,000. 71.76% of the stock is currently owned by institutional investors.

Potbelly Corporation Company Profile

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.

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