Potbelly Corp. (NASDAQ:PBPB) fell 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 trading hands. The stock had previously closed at $13.03.

A number of research firms have commented on PBPB. Robert W. Baird restated a “buy” rating on shares of Potbelly Corp. in a research report on Monday, May 16th. Zacks Investment Research upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.70.

The firm’s 50 day moving average price is $12.77 and its 200 day moving average price is $12.81. The stock has a market capitalization of $338.62 million and a price-to-earnings ratio of 58.716.

Potbelly Corp. (NASDAQ:PBPB) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. During the same quarter in the prior year, the company earned $0.10 EPS. The firm earned $105 million during the quarter, compared to analyst estimates of $105.67 million. The business’s revenue was up 9.5% on a year-over-year basis. Equities analysts predict that Potbelly Corp. will post $0.37 EPS for the current fiscal year.

In related news, SVP Matthew J. Revord sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $12.46, for a total value of $373,800.00. Following the sale, the senior vice president now owns 30,000 shares in the company, valued at approximately $373,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.