Potbelly Corporation (PBPB) Announces Earnings Results
Potbelly Corporation (NASDAQ:PBPB) released its quarterly earnings results on Friday. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01, Bloomberg Earnings reports. The firm had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. Potbelly Corporation’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS.
Shares of Potbelly Corporation (NASDAQ PBPB) traded down $0.90 on Friday, hitting $11.05. The company’s stock had a trading volume of 458,035 shares, compared to its average volume of 272,245. The company has a market capitalization of $288.94 million, a price-to-earnings ratio of 26.74 and a beta of 0.90.
A number of equities analysts have weighed in on the company. Maxim Group restated a “hold” rating and issued a $11.00 price target on shares of Potbelly Corporation in a report on Friday. Zacks Investment Research cut Potbelly Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies upgraded Potbelly Corporation from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. BidaskClub cut Potbelly Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Robert W. Baird restated a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Potbelly Corporation presently has a consensus rating of “Hold” and a consensus price target of $13.67.
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.
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