Potbelly Corporation (NASDAQ:PBPB) – Investment analysts at William Blair reduced their FY2017 earnings estimates for shares of Potbelly Corporation in a research report issued to clients and investors on Thursday. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.31 per share for the year, down from their previous forecast of $0.33.

PBPB has been the topic of several other research reports. Zacks Investment Research raised shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Maxim Group reaffirmed a “hold” rating and issued a $11.00 price target on shares of Potbelly Corporation in a report on Friday, October 6th. Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.00 to $17.00 in a report on Thursday, September 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a report on Friday. Finally, BidaskClub downgraded shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Potbelly Corporation currently has a consensus rating of “Hold” and a consensus target price of $13.67.

WARNING: “William Blair Analysts Lower Earnings Estimates for Potbelly Corporation (PBPB)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/10/23/william-blair-analysts-lower-earnings-estimates-for-potbelly-corporation-pbpb.html.

Potbelly Corporation (PBPB) opened at 12.10 on Monday. Potbelly Corporation has a 1-year low of $10.50 and a 1-year high of $14.55. The firm has a 50-day moving average of $11.87 and a 200-day moving average of $11.95. The stock has a market capitalization of $304.01 million, a price-to-earnings ratio of 76.10 and a beta of 0.91.

Potbelly Corporation (NASDAQ:PBPB) last released its earnings results on Friday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The business had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $109.78 million. During the same period last year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Osborn Williams & Donohoe LLC purchased a new position in shares of Potbelly Corporation during the third quarter valued at approximately $186,000. Highland Private Wealth Management purchased a new position in shares of Potbelly Corporation during the second quarter valued at approximately $146,000. The Manufacturers Life Insurance Company lifted its stake in shares of Potbelly Corporation by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock valued at $241,000 after buying an additional 354 shares during the period. Engine Capital Management LLC purchased a new position in shares of Potbelly Corporation during the second quarter valued at approximately $154,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Potbelly Corporation by 0.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock valued at $3,263,000 after buying an additional 1,101 shares during the period. 72.81% of the stock is currently owned by institutional investors and hedge funds.

About Potbelly Corporation

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.

Receive News & Ratings for Potbelly Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly Corporation and related companies with MarketBeat.com's FREE daily email newsletter.