Shares of Potbelly Corp. (NASDAQ:PBPB) traded down 3% during trading on Tuesday . The company traded as low as $13.08 and last traded at $13.14, with a volume of 103,574 shares. The stock had previously closed at $13.54.

Several analysts recently commented on PBPB shares. Robert W. Baird reaffirmed an “outperform” rating on shares of Potbelly Corp. in a report on Tuesday, June 28th. Zacks Investment Research raised Potbelly Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, TheStreet raised 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, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.30.

The company has a market cap of $337.71 million and a P/E ratio of 58.56. The firm’s 50-day moving average is $12.83 and its 200-day moving average is $12.75.

Potbelly Corp. (NASDAQ:PBPB) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $96 million for the quarter, compared to analyst estimates of $96.19 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. Analysts anticipate that Potbelly Corp. will post $0.37 EPS for the current fiscal year.

In other news, SVP Matthew J. Revord sold 30,000 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $12.46, for a total transaction of $373,800.00. Following the transaction, the senior vice president now directly owns 30,000 shares in the company, valued at $373,800. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

A hedge fund recently raised its stake in Potbelly Corp. stock. Comerica Bank boosted its position in Potbelly Corp. (NASDAQ:PBPB) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309,308 shares of the company’s stock after buying an additional 22,334 shares during the period. Comerica Bank owned about 1.02% of Potbelly Corp. worth $3,492,000 at the end of the most recent reporting period.

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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