Potbelly Corp. (PBPB) Research Coverage Started at Maxim Group
Maxim Group assumed coverage on shares of Potbelly Corp. (NASDAQ:PBPB) in a research report report published on Thursday morning. The firm issued a hold rating and a $14.00 price objective on the stock.
Several other analysts have also commented on the company. Robert W. Baird reaffirmed a neutral rating on shares of Potbelly Corp. in a report on Thursday, September 8th. Zacks Investment Research raised Potbelly Corp. from a sell rating to a hold rating in a report on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $13.75.
Potbelly Corp. (NASDAQ:PBPB) opened at 13.03 on Thursday. Potbelly Corp. has a 52 week low of $9.82 and a 52 week high of $14.99. The firm has a 50-day moving average price of $12.95 and a 200-day moving average price of $13.14. The company has a market capitalization of $328.25 million, a price-to-earnings ratio of 48.98 and a beta of 1.02.
Potbelly Corp. (NASDAQ:PBPB) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. The company earned $105 million during the quarter, compared to analyst estimates of $105.67 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Potbelly Corp.’s revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Potbelly Corp. will post $0.37 EPS for the current fiscal year.
In related news, SVP Matthew J. Revord sold 20,000 shares of Potbelly Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $12.85, for a total transaction of $257,000.00. Following the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at $257,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PBPB. Bayesian Capital Management LP bought a new position in Potbelly Corp. during the first quarter valued at $142,000. Algert Global LLC acquired a new position in shares of Potbelly Corp. during the second quarter valued at approximately $130,000. Stevens Capital Management LP acquired a new position in shares of Potbelly Corp. during the second quarter valued at approximately $146,000. BlackRock Advisors LLC increased its position in shares of Potbelly Corp. by 9.6% in the second quarter. BlackRock Advisors LLC now owns 11,733 shares of the company’s stock valued at $147,000 after buying an additional 1,032 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in shares of Potbelly Corp. during the second quarter valued at approximately $157,000. Institutional investors own 70.42% of the company’s stock.
About Potbelly Corp.
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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