Maxim Group initiated coverage on shares of Potbelly Corp. (NASDAQ:PBPB) in a note issued to investors on Thursday, The Fly reports. The firm set a “hold” rating on the stock.
A number of other equities research analysts have also issued reports on PBPB. Robert W. Baird reissued an “outperform” rating and set a $16.00 target price on shares of Potbelly Corp. in a research note on Saturday, June 11th. Zacks Investment Research raised shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Potbelly Corp. has a consensus rating of “Hold” and an average target price of $13.70.
Potbelly Corp. (NASDAQ:PBPB) traded down 1.27% during trading on Thursday, reaching $12.43. The company’s stock had a trading volume of 115,667 shares. Potbelly Corp. has a 52 week low of $9.82 and a 52 week high of $14.99. The firm has a 50 day moving average of $12.96 and a 200 day moving average of $13.15. The stock 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 earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company earned $105 million during the quarter, compared to analyst estimates of $105.67 million. Potbelly Corp. had a net margin of 1.81% and a return on equity of 7.32%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. 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 shares were sold at an average price of $12.85, for a total value of $257,000.00. Following the transaction, the senior vice president now owns 20,000 shares in the company, valued at approximately $257,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew J. Revord sold 30,000 shares of Potbelly Corp. stock in a transaction on Friday, July 1st. The stock was sold at an average price of $12.46, for a total transaction of $373,800.00. Following the completion of the transaction, the senior vice president now owns 30,000 shares in the company, valued at approximately $373,800. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Algert Global LLC purchased a new position in shares of Potbelly Corp. during the second quarter valued at approximately $130,000. Bayesian Capital Management LP purchased a new position in shares of Potbelly Corp. during the first quarter valued at approximately $142,000. Stevens Capital Management LP purchased a new position in shares of Potbelly Corp. during the second quarter valued at approximately $146,000. BlackRock Advisors LLC increased its position in shares of Potbelly Corp. by 9.6% in the second quarter. BlackRock Advisors LLC now owns 11,733 shares of the company’s stock valued at $147,000 after buying an additional 1,032 shares during the period. Finally, Numeric Investors LLC purchased a new position in shares of Potbelly Corp. during the second quarter valued at approximately $157,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.
Potbelly Corp. Company Profile
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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