Shares of Potbelly Corporation (NASDAQ:PBPB) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.33.

PBPB has been the subject of a number of research analyst reports. Maxim Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Potbelly in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Potbelly from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price target on shares of Potbelly in a report on Friday, October 20th. BidaskClub upgraded shares of Potbelly from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies upgraded shares of Potbelly from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $12.00 to $17.00 in a report on Thursday, September 28th.

Potbelly (NASDAQ:PBPB) traded down $0.35 during trading on Friday, hitting $12.65. The stock had a trading volume of 104,075 shares, compared to its average volume of 275,064. Potbelly has a 1-year low of $10.50 and a 1-year high of $14.55. The stock has a market capitalization of $329.90, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.22 and a beta of 0.93.

Potbelly (NASDAQ:PBPB) last posted its earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $106.10 million for the quarter, compared to analyst estimates of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. Potbelly’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. equities research analysts predict that Potbelly will post 0.3 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Potbelly by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock worth $27,879,000 after buying an additional 97,420 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Potbelly by 28.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock valued at $15,518,000 after purchasing an additional 280,835 shares during the period. Vivaldi Asset Management LLC boosted its holdings in Potbelly by 179.5% in the 3rd quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock valued at $12,352,000 after purchasing an additional 639,750 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Potbelly by 17.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 778,452 shares of the company’s stock valued at $9,653,000 after buying an additional 116,582 shares in the last quarter. Finally, 1060 Capital LLC acquired a new position in shares of Potbelly in the 3rd quarter valued at $6,027,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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About Potbelly

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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