Potbelly Corp. (NASDAQ:PBPB) Receives Consensus Recommendation of “Hold” from Analysts

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Potbelly Corp. (NASDAQ:PBPB) has been assigned an average rating of “Hold” from the six brokerages that are covering the stock. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.83.
Several research firms have recently commented on PBPB. Robert W. Baird restated a “neutral” rating on shares of Potbelly Corp. in a research report on Thursday, September 8th. Zacks Investment Research upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th.
Shares of Potbelly Corp. (NASDAQ:PBPB) remained flat at $12.81 on Monday. 51,290 shares of the stock were exchanged. The company has a market cap of $322.71 million, a P/E ratio of 48.16 and a beta of 1.01. The firm’s 50 day moving average price is $12.94 and its 200 day moving average price is $13.20. Potbelly Corp. has a 12-month low of $9.82 and a 12-month high of $14.99.

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Potbelly Corp. (NASDAQ:PBPB) last posted its earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The company earned $105 million during the quarter, compared to analysts’ expectations of $105.67 million. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. On average, analysts expect that Potbelly Corp. will post $0.37 EPS for the current year.
In related news, SVP Matthew J. Revord sold 20,000 shares of Potbelly Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $12.85, for a total value of $257,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at $257,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew J. Revord sold 30,000 shares of Potbelly Corp. stock in a transaction on Friday, July 1st. The shares were sold at an average price of $12.46, for a total value of $373,800.00. Following the completion of the transaction, the senior vice president now owns 30,000 shares of the company’s stock, valued at $373,800. The disclosure for this sale can be found here. 9.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in 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 during the period. Tributary Capital Management LLC bought a new position in Potbelly Corp. during the second quarter worth about $5,292,000. Dimensional Fund Advisors LP raised its position in Potbelly Corp. by 305.9% in the second quarter. Dimensional Fund Advisors LP now owns 254,492 shares of the company’s stock worth $3,191,000 after buying an additional 191,791 shares during the period. Vanguard Group Inc. raised its position in Potbelly Corp. by 8.9% in the second quarter. Vanguard Group Inc. now owns 1,723,583 shares of the company’s stock worth $21,615,000 after buying an additional 140,269 shares during the period. Finally, BlackRock Fund Advisors raised its position in Potbelly Corp. by 22.9% in the second quarter. BlackRock Fund Advisors now owns 620,212 shares of the company’s stock worth $7,777,000 after buying an additional 115,435 shares during the period. Hedge funds and other institutional investors own 70.59% 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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