Potbelly Corp. (NASDAQ:PBPB) shares dropped 5.4% during trading on Monday . The company traded as low as $12.21 and last traded at $12.32, with a volume of 148,701 shares. The stock had previously closed at $13.03.

PBPB has been the subject of a number of research reports. Robert W. Baird cut shares of Potbelly Corp. from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $13.00 in a report on Monday. Zacks Investment Research cut shares of Potbelly Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, TheStreet raised shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Potbelly Corp. presently has a consensus rating of “Hold” and a consensus target price of $13.70.

The firm has a market capitalization of $323.95 million and a price-to-earnings ratio of 56.17. The stock’s 50-day moving average price is $12.80 and its 200 day moving average price is $12.77.

Potbelly Corp. (NASDAQ:PBPB) last posted its earnings results on Tuesday, May 3rd. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $96 million for the quarter, compared to analysts’ expectations of $96.19 million. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. Equities research analysts expect that Potbelly Corp. will post $0.37 earnings per share for the current year.

In other Potbelly Corp. news, SVP Matthew J. Revord sold 30,000 shares of Potbelly Corp. stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $12.46, for a total transaction of $373,800.00. Following the completion of the transaction, the senior vice president now owns 30,000 shares of the company’s stock, valued at approximately $373,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.

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