Potbelly Corp. (NASDAQ:PBPB) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.63.
Several analysts have issued reports on PBPB shares. Maxim Group upped their price target on shares of Potbelly Corp. from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Zacks Investment Research upgraded shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Robert W. Baird restated a “neutral” rating on shares of Potbelly Corp. in a research report on Thursday, September 8th.
In other news, SVP Matthew J. Revord sold 20,000 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $12.42, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 20,000 shares in the company, valued at $248,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Matthew J. Revord sold 10,000 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $12.43, for a total transaction of $124,300.00. Following the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at $124,300. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Tributary Capital Management LLC raised its stake in Potbelly Corp. by 30.6% in the third quarter. Tributary Capital Management LLC now owns 551,295 shares of the company’s stock worth $6,853,000 after buying an additional 129,308 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Potbelly Corp. by 51.5% in the third quarter. Panagora Asset Management Inc. now owns 232,355 shares of the company’s stock valued at $2,888,000 after buying an additional 78,949 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Potbelly Corp. during the third quarter valued at approximately $222,000. Zuckerman Investment Group LLC raised its stake in shares of Potbelly Corp. by 4.0% in the third quarter. Zuckerman Investment Group LLC now owns 655,933 shares of the company’s stock valued at $8,153,000 after buying an additional 25,340 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of Potbelly Corp. during the third quarter valued at approximately $229,000. Institutional investors own 71.13% of the company’s stock.
Shares of Potbelly Corp. (NASDAQ:PBPB) traded down 1.07% during mid-day trading on Monday, reaching $13.85. The company had a trading volume of 28,744 shares. Potbelly Corp. has a 12-month low of $9.82 and a 12-month high of $14.99. The firm has a 50-day moving average of $13.08 and a 200-day moving average of $12.95. The company has a market capitalization of $348.87 million, a P/E ratio of 48.09 and a beta of 0.94.
Potbelly Corp. (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Potbelly Corp. had a net margin of 1.87% and a return on equity of 8.23%. The business earned $103.80 million during the quarter, compared to analyst estimates of $104.38 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Potbelly Corp. will post $0.38 earnings per share for the current fiscal year.