Brokerages Set Potbelly Corp. (PBPB) PT at $14.63
Potbelly Corp. (NASDAQ:PBPB) has received a consensus recommendation of “Buy” from the six research firms that are covering the firm. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.63.
A number of brokerages have weighed in on PBPB. Maxim Group lifted their price target on shares of Potbelly Corp. from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Zacks Investment Research raised shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Potbelly Corp. in a research note on Thursday, September 8th.
Potbelly Corp. (NASDAQ:PBPB) opened at 13.65 on Monday. Potbelly Corp. has a 52 week low of $9.82 and a 52 week high of $14.99. The firm has a market cap of $343.83 million, a price-to-earnings ratio of 47.40 and a beta of 0.94. The firm’s 50-day moving average is $13.10 and its 200-day moving average is $12.95.
Potbelly Corp. (NASDAQ:PBPB) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Potbelly Corp. had a net margin of 1.87% and a return on equity of 8.23%. The business earned $103.80 million during the quarter, compared to analysts’ expectations of $104.38 million. During the same period last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Potbelly Corp. will post $0.38 earnings per share for the current year.
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In other news, SVP Matthew J. Revord sold 20,000 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $12.42, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $248,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew J. Revord sold 10,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $12.43, for a total transaction of $124,300.00. Following the completion of the sale, the senior vice president now owns 10,000 shares in the company, valued at $124,300. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in PBPB. Stephens Inc. AR raised its stake in shares of Potbelly Corp. by 1.6% in the second quarter. Stephens Inc. AR now owns 12,900 shares of the company’s stock worth $162,000 after buying an additional 200 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Potbelly Corp. by 1.0% in the third quarter. Rhumbline Advisers now owns 20,839 shares of the company’s stock worth $259,000 after buying an additional 200 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Potbelly Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 50,465 shares of the company’s stock worth $627,000 after buying an additional 500 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Potbelly Corp. by 5.5% in the second quarter. Nationwide Fund Advisors now owns 15,306 shares of the company’s stock worth $192,000 after buying an additional 800 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Potbelly Corp. by 6.5% in the second quarter. American International Group Inc. now owns 13,717 shares of the company’s stock worth $172,000 after buying an additional 837 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Potbelly Corp. Company Profile
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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