Potbelly Corporation (NASDAQ:PBPB) had its price target lowered by Maxim Group from $13.00 to $11.00 in a research note issued to investors on Friday morning, Marketbeat reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently weighed in on PBPB. Zacks Investment Research upgraded shares of Potbelly Corporation from a hold rating to a buy rating and set a $16.00 price target for the company in a report on Tuesday, April 25th. William Blair cut shares of Potbelly Corporation from an outperform rating to a market perform rating in a report on Wednesday, May 3rd. BidaskClub cut shares of Potbelly Corporation from a hold rating to a sell rating in a report on Friday, July 28th. Finally, TheStreet cut shares of Potbelly Corporation from a b- rating to a c rating in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of Hold and an average target price of $13.50.

Potbelly Corporation (NASDAQ:PBPB) traded down 1.35% during midday trading on Friday, reaching $11.00. 400,594 shares of the company’s stock were exchanged. The stock has a market cap of $275.50 million, a P/E ratio of 36.54 and a beta of 0.91. The firm’s 50-day moving average is $11.90 and its 200 day moving average is $12.54. Potbelly Corporation has a 1-year low of $10.50 and a 1-year high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last released its quarterly earnings results on Friday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $108.10 million during the quarter, compared to analyst estimates of $109.78 million. Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.70%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Equities analysts anticipate that Potbelly Corporation will post $0.34 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of PBPB. Alps Advisors Inc. raised its position in shares of Potbelly Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 37,265 shares of the company’s stock valued at $429,000 after buying an additional 96 shares during the last quarter. Rhumbline Advisers raised its position in shares of Potbelly Corporation by 5.8% in the second quarter. Rhumbline Advisers now owns 26,741 shares of the company’s stock valued at $308,000 after buying an additional 1,470 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Potbelly Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,618 shares of the company’s stock valued at $859,000 after buying an additional 456 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Potbelly Corporation by 4.7% in the second quarter. Bessemer Group Inc. now owns 51,100 shares of the company’s stock valued at $588,000 after buying an additional 2,300 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in shares of Potbelly Corporation by 88.1% in the second quarter. Spark Investment Management LLC now owns 50,800 shares of the company’s stock valued at $584,000 after buying an additional 23,800 shares during the last quarter. 72.97% of the stock is currently owned by institutional investors.

Potbelly Corporation Company Profile

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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