Potbelly Corp Receives “Neutral” Rating from Bank of America (PBPB)
Potbelly Corp (NASDAQ:PBPB)‘s stock had its “neutral” rating reaffirmed by research analysts at Bank of America in a report released on Wednesday, StockRatingsNetwork reports.
The analysts wrote, “We are lowering our adjusted EPS estimates from $0.37 to $0.34 for 2014 and from $0.47 to $0.44 for 2015. Our lower earnings expectations are concentrated in 1Q with projected 1Q same store sales of down 2% as opposed to plus 3% previously.”
Potbelly Corp (NASDAQ:PBPB) opened at 22.399 on Wednesday. Potbelly Corp has a 52-week low of $21.03 and a 52-week high of $33.90. The stock has a 50-day moving average of $23.16 and a 200-day moving average of $25.85. The company’s market cap is $652.6 million.
Potbelly Corp (NASDAQ:PBPB) last released its earnings data on Thursday, February 27th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $74.80 million for the quarter, compared to the consensus estimate of $76.09 million. On average, analysts predict that Potbelly Corp will post $0.32 earnings per share for the current fiscal year.
Separately, analysts at Piper Jaffray cut their price target on shares of Potbelly Corp from $34.00 to $26.00 in a research note on Thursday, February 6th. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.50.
Potbelly Corporation is a neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items.
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