Potbelly Corp. (NASDAQ:PBPB) – Investment analysts at William Blair lifted their FY2016 earnings per share estimates for Potbelly Corp. in a research note issued on Tuesday. William Blair analyst S. Zackfia now expects that the brokerage will earn $0.38 per share for the year, up from their prior estimate of $0.37.

Potbelly Corp. (NASDAQ:PBPB) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $105 million for the quarter, compared to analyst estimates of $105.67 million. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS.

PBPB has been the topic of several other research reports. Robert W. Baird restated an “outperform” rating on shares of Potbelly Corp. in a report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Maxim Group assumed coverage on shares of Potbelly Corp. in a report on Thursday, September 29th. They set a “hold” rating and a $14.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Potbelly Corp. presently has an average rating of “Hold” and a consensus target price of $13.75.

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Shares of Potbelly Corp. (NASDAQ:PBPB) traded up 3.05% during midday trading on Wednesday, hitting $13.51. The stock had a trading volume of 83,408 shares. The firm has a 50 day moving average of $12.89 and a 200-day moving average of $13.11. The company has a market cap of $340.34 million, a P/E ratio of 50.79 and a beta of 1.02. Potbelly Corp. has a one year low of $9.82 and a one year high of $14.99.

Institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA purchased a new position in Potbelly Corp. during the third quarter worth approximately $517,000. Skylands Capital LLC raised its position in Potbelly Corp. by 42.0% in the third quarter. Skylands Capital LLC now owns 59,200 shares of the company’s stock worth $736,000 after buying an additional 17,500 shares during the period. First National Bank of Omaha raised its position in Potbelly Corp. by 37.1% in the third quarter. First National Bank of Omaha now owns 52,545 shares of the company’s stock worth $653,000 after buying an additional 14,220 shares during the period. Algert Global LLC raised its position in Potbelly Corp. by 1,316.3% in the third quarter. Algert Global LLC now owns 147,299 shares of the company’s stock worth $1,831,000 after buying an additional 136,899 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Potbelly Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 63,224 shares of the company’s stock worth $793,000 after buying an additional 966 shares during the period. Hedge funds and other institutional investors own 70.41% of the company’s stock.

In other Potbelly Corp. news, SVP Matthew J. Revord sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $12.85, for a total value of $257,000.00. Following the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at $257,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.30% of the company’s stock.

Potbelly Corp. Company Profile

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.

5 Day Chart for NASDAQ:PBPB

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