Potbelly Corporation (NASDAQ:PBPB)‘s stock had its “hold” rating reaffirmed by investment analysts at Maxim Group in a research note issued on Friday. They currently have a $11.00 target price on the stock. Maxim Group’s price objective would suggest a potential downside of 0.45% from the stock’s previous close.

The analysts wrote, “Potbelly (PBPB) announced 3Q17 (September) pro forma EPS of $0.07, which matched our $0.07 estimate and was above the $0.06 Street mean. However, PBPB’s same-restaurant sales of -4.8% were below our -3.5% estimate but in line with the -4.8% Street mean. Management maintained 2017 pro forma EPS guidance of $0.30-$0.33, as well as its forecasts for same-restaurant sales and new unit growth.””

PBPB has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a research note on Friday, October 20th. Finally, Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.67.

Potbelly Corporation (NASDAQ PBPB) traded down $0.45 during mid-day trading on Friday, hitting $11.05. 458,035 shares of the stock traded hands, compared to its average volume of 272,245. The company has a market capitalization of $277.63, a P/E ratio of 29.08, a P/E/G ratio of 1.77 and a beta of 0.90. Potbelly Corporation has a 12-month low of $10.50 and a 12-month high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $107.75 million. Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.68%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. equities research analysts anticipate that Potbelly Corporation will post 0.31 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Highland Private Wealth Management acquired a new position in shares of Potbelly Corporation during the second quarter valued at about $146,000. HighTower Advisors LLC purchased a new position in Potbelly Corporation during the first quarter worth about $150,000. Dubuque Bank & Trust Co. boosted its holdings in Potbelly Corporation by 8.6% during the second quarter. Dubuque Bank & Trust Co. now owns 13,151 shares of the company’s stock worth $151,000 after purchasing an additional 1,037 shares during the last quarter. Engine Capital Management LLC purchased a new position in Potbelly Corporation during the second quarter worth about $154,000. Finally, Voya Investment Management LLC boosted its holdings in Potbelly Corporation by 19.6% during the second quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after purchasing an additional 2,382 shares during the last quarter. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Potbelly Corporation Company Profile

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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