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Potbelly Corp (NASDAQ:PBPB) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12, StockRatingsNetwork.com reports. The company issued revenue guidance of $83.6 million, compared to the consensus revenue estimate of $86.66 million.Potbelly Corp also updated its FY14 guidance to $0.18-0.21 EPS.

Potbelly Corp (NASDAQ:PBPB) traded down 2.92% on Wednesday, hitting $14.65. 1,225,184 shares of the company’s stock traded hands. Potbelly Corp has a 52-week low of $15.01 and a 52-week high of $33.90. The stock has a 50-day moving average of $15.60 and a 200-day moving average of $19.04. The company’s market cap is $428.6 million.

Potbelly Corp (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $73.90 million for the quarter, compared to the consensus estimate of $73.66 million. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Potbelly Corp will post $0.34 EPS for the current fiscal year.

On a related note, analysts at Piper Jaffray cut their price target on shares of Potbelly Corp from $26.00 to $19.00 in a research note on Tuesday, June 24th. They now have an overweight rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $25.33.

Potbelly Corporation is a neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items.

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