Zacks Investment Research upgraded shares of Potbelly (NASDAQ:PBPB) from a sell rating to a hold rating in a research report released on Thursday. Zacks Investment Research currently has $14.00 price target on the stock.
According to Zacks, “Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois. “
A number of other research firms have also commented on PBPB. Robert W. Baird reissued a hold rating and issued a $13.00 target price on shares of Potbelly in a report on Tuesday, September 19th. Piper Jaffray Companies raised Potbelly from a neutral rating to an overweight rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Maxim Group reissued a hold rating and issued a $11.00 target price on shares of Potbelly in a report on Friday, October 6th. Finally, BidaskClub lowered Potbelly from a sell rating to a strong sell rating in a report on Friday, December 22nd. One research 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. Potbelly currently has an average rating of Hold and a consensus target price of $14.25.
Potbelly (PBPB) traded up $0.05 during mid-day trading on Thursday, reaching $12.95. The company had a trading volume of 285,900 shares, compared to its average volume of 247,175. Potbelly has a one year low of $10.50 and a one year high of $14.28. The company has a market cap of $321.21, a price-to-earnings ratio of 143.90, a PEG ratio of 1.78 and a beta of 0.93.
Potbelly (NASDAQ:PBPB) last posted its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The company had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. research analysts predict that Potbelly will post 0.3 EPS for the current year.
Several institutional investors have recently bought and sold shares of PBPB. Highland Private Wealth Management bought a new stake in shares of Potbelly in the 2nd quarter worth $146,000. Engine Capital Management LLC purchased a new position in shares of Potbelly in the 2nd quarter worth $154,000. Voya Investment Management LLC boosted its stake in shares of Potbelly by 19.6% in the 2nd quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after buying an additional 2,382 shares during the last quarter. Osborn Williams & Donohoe LLC purchased a new position in shares of Potbelly in the 3rd quarter worth $186,000. Finally, First Trust Advisors LP purchased a new position in shares of Potbelly in the 3rd quarter worth $231,000. 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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