Potbelly Co. (NASDAQ:PBPB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Potbelly Co. (NASDAQ:PBPBGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.00.

A number of analysts recently commented on PBPB shares. StockNews.com cut shares of Potbelly from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. William Blair restated a “market perform” rating on shares of Potbelly in a research report on Friday, March 8th. Finally, Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a research report on Tuesday.

Check Out Our Latest Stock Analysis on PBPB

Hedge Funds Weigh In On Potbelly

Several hedge funds have recently modified their holdings of PBPB. Allspring Global Investments Holdings LLC bought a new position in shares of Potbelly in the 3rd quarter valued at about $37,000. Los Angeles Capital Management LLC acquired a new stake in Potbelly in the 3rd quarter valued at about $854,000. First Eagle Investment Management LLC lifted its stake in Potbelly by 30.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 737,980 shares of the company’s stock valued at $5,756,000 after purchasing an additional 173,227 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Potbelly in the 3rd quarter valued at about $375,000. Finally, Ancora Advisors LLC acquired a new stake in Potbelly in the 3rd quarter valued at about $775,000. Institutional investors own 72.60% of the company’s stock.

Potbelly Price Performance

Potbelly stock opened at $9.01 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $268.86 million, a P/E ratio of 75.08 and a beta of 1.36. The business has a 50-day moving average of $10.29 and a 200-day moving average of $11.03. Potbelly has a 1 year low of $7.12 and a 1 year high of $14.36.

Potbelly (NASDAQ:PBPBGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Potbelly had a net margin of 0.76% and a return on equity of 36.44%. The firm had revenue of $111.15 million during the quarter, compared to the consensus estimate of $106.80 million. On average, equities analysts anticipate that Potbelly will post 0.18 EPS for the current year.

Potbelly Company Profile

(Get Free Report

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.

Further Reading

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