Potbelly Corporation (NASDAQ:PBPB) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.67.

PBPB has been the topic of several recent research reports. BidaskClub downgraded shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Maxim Group downgraded shares of Potbelly Corporation from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Potbelly Corporation in a research report on Friday, October 20th.

Shares of Potbelly Corporation (NASDAQ:PBPB) opened at $11.70 on Wednesday. The firm has a market cap of $295.85, a PE ratio of 29.08, a P/E/G ratio of 1.77 and a beta of 0.90. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $106.10 million for the quarter, compared to the consensus estimate of $107.75 million. Potbelly Corporation had a net margin of 0.54% and a return on equity of 7.76%. Potbelly Corporation’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. sell-side analysts expect that Potbelly Corporation will post 0.31 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Potbelly Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock worth $27,879,000 after buying an additional 97,420 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Potbelly Corporation by 34.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock worth $11,162,000 after buying an additional 250,465 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Potbelly Corporation by 11.8% during the 2nd quarter. Tributary Capital Management LLC now owns 880,947 shares of the company’s stock worth $10,131,000 after buying an additional 92,689 shares in the last quarter. State Street Corp raised its position in shares of Potbelly Corporation by 9.4% during the 2nd quarter. State Street Corp now owns 452,794 shares of the company’s stock worth $5,211,000 after buying an additional 39,033 shares in the last quarter. Finally, Vivaldi Asset Management LLC bought a new stake in shares of Potbelly Corporation during the 2nd quarter worth about $4,098,000. Institutional investors own 67.73% 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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