Potbelly Corporation (PBPB) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Potbelly Corporation (NASDAQ:PBPB) issued its quarterly earnings data on Friday. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01, Bloomberg Earnings reports. The company had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.68%. Potbelly Corporation’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share.
Shares of Potbelly Corporation (PBPB) opened at $11.05 on Friday. Potbelly Corporation has a 1 year low of $10.50 and a 1 year high of $14.55. The stock has a market cap of $277.63, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.
Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Maxim Group reaffirmed a “hold” rating and set a $11.00 price objective on shares of Potbelly Corporation in a research note on Friday. Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. BidaskClub cut shares of Potbelly Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price objective on shares of Potbelly Corporation in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Potbelly Corporation currently has an average rating of “Hold” and an average price target of $13.67.
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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