Maxim Group set a $4.00 target price on Potbelly (NASDAQ:PBPB) in a report issued on Wednesday, August 7th, TipRanks reports. The firm currently has a hold rating on the stock.
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Potbelly from a hold rating to a sell rating in a research report on Friday, July 19th. ValuEngine upgraded shares of Potbelly from a sell rating to a hold rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has a consensus rating of Sell and a consensus target price of $7.58.
PBPB opened at $4.32 on Wednesday. Potbelly has a one year low of $3.10 and a one year high of $14.15. The company has a fifty day moving average price of $4.47 and a 200-day moving average price of $6.73. The firm has a market capitalization of $102.92 million, a P/E ratio of 14.90 and a beta of 1.29. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.62 and a quick ratio of 0.56.
Potbelly (NASDAQ:PBPB) last announced its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). Potbelly had a positive return on equity of 0.10% and a negative net margin of 6.45%. The company had revenue of $105.60 million during the quarter, compared to analysts’ expectations of $106.01 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. On average, analysts expect that Potbelly will post -0.12 earnings per share for the current year.
Several large investors have recently modified their holdings of PBPB. Millennium Management LLC raised its stake in shares of Potbelly by 97.1% during the fourth quarter. Millennium Management LLC now owns 629,545 shares of the company’s stock valued at $5,068,000 after acquiring an additional 310,119 shares during the last quarter. Engine Capital Management LP raised its stake in shares of Potbelly by 213.8% during the second quarter. Engine Capital Management LP now owns 425,020 shares of the company’s stock valued at $2,163,000 after acquiring an additional 289,592 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Potbelly by 2,664.7% during the second quarter. JPMorgan Chase & Co. now owns 150,123 shares of the company’s stock valued at $727,000 after acquiring an additional 144,693 shares during the last quarter. GSA Capital Partners LLP raised its stake in Potbelly by 890.9% in the second quarter. GSA Capital Partners LLP now owns 153,808 shares of the company’s stock worth $783,000 after buying an additional 138,286 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Potbelly by 9.3% in the second quarter. Vanguard Group Inc. now owns 1,249,971 shares of the company’s stock worth $6,362,000 after buying an additional 106,688 shares in the last quarter. 67.70% of the stock is owned by hedge funds and other institutional investors.
Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.
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