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

Potbelly Corporation (NASDAQ:PBPB) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.33.

A number of equities analysts have weighed in on the company. Piper Jaffray Companies raised Potbelly from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $12.00 to $17.00 in a research report on Thursday, September 28th. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Maxim Group reissued a “hold” rating and issued a $11.00 target price on shares of Potbelly in a research report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Potbelly in a research report on Friday, October 20th. Finally, BidaskClub lowered Potbelly from a “sell” rating to a “strong sell” rating in a research report on Friday, December 22nd.

A number of large investors have recently modified their holdings of PBPB. Vivaldi Asset Management LLC raised its position in Potbelly by 179.5% in the 3rd quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock worth $12,352,000 after buying an additional 639,750 shares during the last quarter. 1060 Capital LLC purchased a new stake in shares of Potbelly during the 3rd quarter valued at about $6,027,000. Dimensional Fund Advisors LP increased its position in shares of Potbelly by 28.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock valued at $15,518,000 after purchasing an additional 280,835 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Potbelly by 17.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 778,452 shares of the company’s stock valued at $9,653,000 after purchasing an additional 116,582 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Potbelly by 713.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock valued at $1,198,000 after purchasing an additional 91,380 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Potbelly (NASDAQ PBPB) opened at $13.05 on Monday. The stock has a market capitalization of $323.69, a PE ratio of 145.02, a PEG ratio of 1.83 and a beta of 0.93. Potbelly has a 52-week low of $10.50 and a 52-week high of $14.28.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. Potbelly’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. analysts predict that Potbelly will post 0.3 earnings per share for the current year.

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About Potbelly

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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