Research analysts at Maxim Group started coverage on shares of Potbelly Corp. (NASDAQ:PBPB) in a research note issued on Thursday. The firm set a “hold” rating and a $14.00 price target on the stock. Maxim Group’s price target indicates a potential upside of 12.63% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Robert W. Baird reaffirmed a “neutral” rating on shares of Potbelly Corp. in a research report on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Potbelly Corp. currently has a consensus rating of “Hold” and a consensus price target of $13.75.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 12.43 on Thursday. The stock’s 50 day moving average price is $12.95 and its 200-day moving average price is $13.15. Potbelly Corp. has a 52 week low of $9.82 and a 52 week high of $14.99. The firm has a market capitalization of $313.14 million, a price-to-earnings ratio of 46.73 and a beta of 1.01.
Potbelly Corp. (NASDAQ:PBPB) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. The firm had revenue of $105 million for the quarter, compared to analysts’ expectations of $105.67 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts predict that Potbelly Corp. will post $0.37 earnings per share for the current year.
In other Potbelly Corp. news, SVP Matthew J. Revord sold 20,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $12.42, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $248,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.30% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in PBPB. Bayesian Capital Management LP acquired a new position in shares of Potbelly Corp. during the first quarter worth $142,000. Renaissance Technologies LLC raised its position in shares of Potbelly Corp. by 40.5% in the first quarter. Renaissance Technologies LLC now owns 1,488,200 shares of the company’s stock worth $20,254,000 after buying an additional 428,800 shares in the last quarter. Highland Private Wealth Management acquired a new position in shares of Potbelly Corp. during the first quarter worth $532,000. Panagora Asset Management Inc. raised its position in shares of Potbelly Corp. by 56.7% in the first quarter. Panagora Asset Management Inc. now owns 47,576 shares of the company’s stock worth $648,000 after buying an additional 17,221 shares in the last quarter. Finally, First National Bank of Omaha acquired a new position in shares of Potbelly Corp. during the second quarter worth $481,000. Institutional investors and hedge funds own 70.42% of the company’s stock.
About Potbelly Corp.
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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