Potbelly (PBPB) Stock Rating Reaffirmed by Maxim Group

Potbelly (NASDAQ:PBPB)‘s stock had its “hold” rating reissued by investment analysts at Maxim Group in a report issued on Monday. They currently have a $13.00 price target on the stock, up from their prior price target of $12.00.

A number of other brokerages also recently issued reports on PBPB. Robert W. Baird reissued a “hold” rating and set a $13.00 price objective on shares of Potbelly in a research report on Friday, October 20th. Zacks Investment Research downgraded shares of Potbelly from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Piper Jaffray Companies raised shares of Potbelly from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, BidaskClub raised shares of Potbelly from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.33.

Potbelly (NASDAQ:PBPB) opened at $13.00 on Monday. The stock has a market cap of $329.90, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. Potbelly has a 1 year low of $10.50 and a 1 year high of $14.55.

Potbelly (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $106.10 million for the quarter, compared to the consensus estimate of $107.75 million. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. analysts anticipate that Potbelly will post 0.3 EPS for the current year.

Several large investors have recently added to or reduced their stakes in PBPB. Vivaldi Asset Management LLC grew its position in shares of Potbelly by 179.5% in the 3rd quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock worth $12,352,000 after buying an additional 639,750 shares during the period. 1060 Capital LLC purchased a new stake in shares of Potbelly in the 3rd quarter worth about $6,027,000. Dimensional Fund Advisors LP grew its position in shares of Potbelly by 28.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock worth $15,518,000 after buying an additional 280,835 shares during the period. Stephens Investment Management Group LLC grew its position 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 worth $9,653,000 after buying an additional 116,582 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Potbelly by 5.1% in 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. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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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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