Potbelly Corporation (PBPB) Receives $13.67 Consensus PT from Analysts
Potbelly Corporation (NASDAQ:PBPB) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.67.
A number of equities research analysts have recently commented on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Potbelly Corporation in a research note on Tuesday, September 19th. TheStreet lowered shares of Potbelly Corporation from a “b-” rating to a “c” rating in a research note on Monday, June 19th. BidaskClub raised shares of Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Maxim Group cut their target price on shares of Potbelly Corporation from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
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Shares of Potbelly Corporation (NASDAQ PBPB) traded up 0.82% during trading on Friday, hitting $12.25. 61,928 shares of the stock were exchanged. The firm’s 50 day moving average price is $11.78 and its 200-day moving average price is $11.98. The stock has a market cap of $307.78 million, a P/E ratio of 77.04 and a beta of 0.91. Potbelly Corporation has a 52 week low of $10.50 and a 52 week high of $14.55.
Potbelly Corporation (NASDAQ:PBPB) last posted its quarterly earnings data 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 net margin of 1.03% and a return on equity of 8.68%. The firm had revenue of $108.10 million during the quarter, compared to the consensus estimate of $109.78 million. During the same period in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts predict that Potbelly Corporation will post $0.32 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Highland Private Wealth Management bought a new position in Potbelly Corporation during the second quarter worth $146,000. HighTower Advisors LLC bought a new position in Potbelly Corporation during the first quarter worth $150,000. Dubuque Bank & Trust Co. boosted its stake in Potbelly Corporation by 8.6% during the second quarter. Dubuque Bank & Trust Co. now owns 13,151 shares of the company’s stock worth $151,000 after acquiring an additional 1,037 shares in the last quarter. Engine Capital Management LLC bought a new position in Potbelly Corporation during the second quarter worth $154,000. Finally, Voya Investment Management LLC boosted its stake in Potbelly Corporation by 19.6% during the second quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after acquiring an additional 2,382 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.
Potbelly Corporation 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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