Robert W. Baird reiterated their hold rating on shares of Potbelly Corporation (NASDAQ:PBPB) in a report released on Tuesday morning. Robert W. Baird currently has a $13.00 target price on the stock.

A number of other research firms have also recently weighed in on PBPB. Maxim Group upgraded shares of Potbelly Corporation from a hold rating to a buy rating and set a $13.00 price objective for the company in a research report on Wednesday, May 31st. TheStreet cut shares of Potbelly Corporation from a b- rating to a c rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Potbelly Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. Finally, BidaskClub cut shares of Potbelly Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Potbelly Corporation presently has a consensus rating of Hold and an average price target of $13.33.

Shares of Potbelly Corporation (PBPB) opened at 11.60 on Tuesday. The company has a market capitalization of $291.45 million, a P/E ratio of 72.96 and a beta of 0.90. Potbelly Corporation has a one year low of $10.50 and a one year high of $14.55. The firm has a 50-day moving average of $11.36 and a 200-day moving average of $12.13.

Potbelly Corporation (NASDAQ:PBPB) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The firm had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $109.78 million. During the same period last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts forecast that Potbelly Corporation will post $0.32 earnings per share for the current year.

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Large investors have recently bought and sold shares of the business. Vivaldi Capital Management LLC acquired a new position in Potbelly Corporation during the first quarter worth $3,285,682,000. Vivaldi Asset Management LLC acquired a new position in Potbelly Corporation during the second quarter worth $4,098,000. Bank of New York Mellon Corp raised its position in Potbelly Corporation by 52.6% during the first quarter. Bank of New York Mellon Corp now owns 243,758 shares of the company’s stock worth $3,389,000 after acquiring an additional 83,992 shares during the period. Tributary Capital Management LLC raised its position in Potbelly Corporation by 24.5% during the first quarter. Tributary Capital Management LLC now owns 788,258 shares of the company’s stock worth $10,957,000 after acquiring an additional 155,095 shares during the period. Finally, Trexquant Investment LP raised its position in Potbelly Corporation by 1.6% during the first quarter. Trexquant Investment LP now owns 20,784 shares of the company’s stock worth $289,000 after acquiring an additional 333 shares during the period. Institutional investors own 72.75% of the company’s stock.

About Potbelly Corporation

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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