Potbelly Corporation (PBPB) Given Average Rating of “Hold” by Analysts

Potbelly Corporation (NASDAQ:PBPB) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two research 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 twelve-month price objective among brokerages that have covered the stock in the last year is $13.67.

A number of brokerages have recently issued reports on PBPB. BidaskClub downgraded Potbelly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Potbelly in a research report on Tuesday, September 19th. Piper Jaffray Companies raised Potbelly from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, Maxim Group reaffirmed a “hold” rating and set a $11.00 price target on shares of Potbelly in a research report on Friday, October 6th.

Potbelly (NASDAQ PBPB) opened at $12.60 on Friday. The company has a market cap of $318.73, a P/E ratio of 33.82, a P/E/G ratio of 2.09 and a beta of 0.93. Potbelly has a 12 month low of $10.50 and a 12 month high of $14.55.

Potbelly (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $106.10 million during the quarter, compared to the consensus estimate of $107.75 million. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. Potbelly’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. equities analysts anticipate that Potbelly will post 0.31 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of PBPB. TIAA CREF Investment Management LLC grew its holdings in shares of Potbelly by 7.9% during the first quarter. TIAA CREF Investment Management LLC now owns 71,530 shares of the company’s stock valued at $994,000 after buying an additional 5,246 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Potbelly by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock valued at $27,879,000 after buying an additional 97,420 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Potbelly by 0.5% during the first quarter. Geode Capital Management LLC now owns 194,688 shares of the company’s stock valued at $2,706,000 after buying an additional 1,025 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Potbelly by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 720,117 shares of the company’s stock valued at $10,010,000 after buying an additional 180,515 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Potbelly by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 74,162 shares of the company’s stock valued at $1,031,000 after buying an additional 4,104 shares during the last quarter. 73.81% of the stock is currently owned by institutional investors and hedge funds.

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Potbelly 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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