Potbelly Corporation (NASDAQ:PBPB) – Research analysts at William Blair issued their Q1 2018 EPS estimates for Potbelly in a research note issued to investors on Monday. William Blair analyst S. Zackfia anticipates that the company will post earnings of $0.02 per share for the quarter. William Blair also issued estimates for Potbelly’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.09 EPS and Q4 2018 earnings at $0.11 EPS.
Several other research firms also recently commented on PBPB. Maxim Group reiterated a “hold” rating and issued a $11.00 price target on shares of Potbelly in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Potbelly from a “sell” rating to a “hold” rating and set a $14.00 price target for the company in a research report on Thursday, January 4th. Piper Jaffray Companies upgraded shares of Potbelly from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price target on shares of Potbelly in a research report on Friday, October 20th. Finally, BidaskClub downgraded shares of Potbelly from a “sell” rating to a “strong sell” rating in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Potbelly currently has an average rating of “Hold” and a consensus target price of $14.25.
Potbelly (NASDAQ:PBPB) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $107.75 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Potbelly’s revenue for the quarter was up 2.2% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the business. Atria Investments LLC acquired a new position in Potbelly in the 4th quarter valued at $136,000. Highland Private Wealth Management acquired a new position in Potbelly in the 2nd quarter valued at $146,000. Engine Capital Management LLC acquired a new position in Potbelly in the 2nd quarter valued at $154,000. Voya Investment Management LLC increased its stake in Potbelly by 19.6% in the 2nd quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock valued at $167,000 after buying an additional 2,382 shares during the period. Finally, Osborn Williams & Donohoe LLC acquired a new position in Potbelly in the 3rd quarter valued at $186,000. 73.37% of the stock is currently owned by institutional investors.
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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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