Potbelly’s (PBPB) Hold Rating Reiterated at Maxim Group
Maxim Group reiterated their hold rating on shares of Potbelly (NASDAQ:PBPB) in a research note issued to investors on Monday, Marketbeat Ratings reports. Maxim Group currently has a $13.00 price target on the stock, up from their previous price target of $12.00.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Potbelly from a hold rating to a sell rating in a research note on Tuesday, October 24th. Robert W. Baird restated a hold rating and issued a $13.00 target price on shares of Potbelly in a research note on Friday, October 20th. Piper Jaffray Companies upgraded Potbelly from a neutral rating to an overweight rating and raised their target price for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Finally, BidaskClub upgraded Potbelly from a strong sell rating to a sell rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $14.33.
Potbelly (PBPB) opened at $12.65 on Monday. The company has a market capitalization of $329.90, a P/E ratio of 35.00, a PEG ratio of 2.22 and a beta of 0.93. Potbelly has a one year low of $10.50 and a one year high of $14.55.
Potbelly (NASDAQ:PBPB) last released its earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. analysts forecast that Potbelly will post 0.3 earnings per share for the current year.
A number of large investors have recently made changes to their positions in PBPB. Vivaldi Asset Management LLC raised its stake in Potbelly by 179.5% during the third quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock valued at $12,352,000 after buying an additional 639,750 shares during the last quarter. 1060 Capital LLC purchased a new position in Potbelly during the third quarter valued at $6,027,000. Dimensional Fund Advisors LP raised its stake in Potbelly by 28.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock valued at $15,518,000 after buying an additional 280,835 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Potbelly by 17.6% during the third 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 during the last quarter. Finally, Vanguard Group Inc. raised its stake in Potbelly by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock valued at $27,879,000 after buying an additional 97,420 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
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Potbelly Company Profile
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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