Potbelly Corp (PBPB) Releases Quarterly Earnings Results
Potbelly Corp (NASDAQ:PBPB) issued its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01, Stock Ratings Network reports. The company had revenue of $83.60 million for the quarter, compared to the consensus estimate of $83.62 million. Potbelly Corp’s revenue was up 6.9% compared to the same quarter last year. Potbelly Corp updated its FY14 guidance to $0.18-0.21 EPS.
Shares of Potbelly Corp (NASDAQ:PBPB) remained flat at $11.79 during during mid-day trading trading on Tuesday. 609,145 shares of the company’s stock traded hands. Potbelly Corp has a 52 week low of $10.91 and a 52 week high of $33.90. The stock has a 50-day moving average of $13.60 and a 200-day moving average of $17.3. The company’s market cap is $344.9 million.
A number of analysts have recently weighed in on PBPB shares. Analysts at Piper Jaffray cut their price target on shares of Potbelly Corp from $19.00 to $14.00 in a research note on Thursday, July 10th. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Potbelly Corp presently has a consensus rating of “Buy” and an average target price of $23.67.
Potbelly Corporation is a neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items.
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