Shares of Potbelly Corporation (NASDAQ:PBPB) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.00.

Several equities research analysts have recently weighed in on PBPB shares. BidaskClub downgraded shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Maxim Group downgraded shares of Potbelly Corporation from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research report on Friday, July 21st. TheStreet downgraded shares of Potbelly Corporation from a “b-” rating to a “c” rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Potbelly Corporation in a research report on Tuesday, September 19th.

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Potbelly Corporation (PBPB) traded up 0.43% during trading on Tuesday, reaching $11.60. The company had a trading volume of 111,485 shares. The stock has a 50 day moving average price of $11.36 and a 200-day moving average price of $12.13. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55. The company has a market capitalization of $291.45 million, a PE ratio of 72.96 and a beta of 0.90.

Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $109.78 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Potbelly Corporation will post $0.32 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBPB. Teachers Advisors LLC increased its position in shares of Potbelly Corporation by 21.3% in the 4th quarter. Teachers Advisors LLC now owns 45,519 shares of the company’s stock worth $587,000 after purchasing an additional 7,984 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Potbelly Corporation by 131.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,233 shares of the company’s stock worth $351,000 after purchasing an additional 14,329 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Potbelly Corporation by 12.2% in the 1st quarter. Wells Fargo & Company MN now owns 61,223 shares of the company’s stock worth $852,000 after purchasing an additional 6,653 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Potbelly Corporation in the 1st quarter worth about $568,000. Finally, Bank of New York Mellon Corp increased its position in shares of Potbelly Corporation by 52.6% in the 1st quarter. Bank of New York Mellon Corp now owns 243,758 shares of the company’s stock worth $3,389,000 after purchasing an additional 83,992 shares during the last quarter. 72.75% of the stock is owned by institutional investors.

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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