Potbelly Co. (NASDAQ:PBPB) Receives Average Rating of “Moderate Buy” from Analysts

Potbelly Co. (NASDAQ:PBPBGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the four analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.67.

Several research analysts recently issued reports on the stock. William Blair reissued a “market perform” rating on shares of Potbelly in a report on Friday, March 8th. Benchmark raised shares of Potbelly from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, January 12th. Finally, StockNews.com cut shares of Potbelly from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st.

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Potbelly Trading Down 4.0 %

NASDAQ:PBPB opened at $11.62 on Tuesday. Potbelly has a 12 month low of $7.12 and a 12 month high of $14.36. The firm has a fifty day simple moving average of $12.65 and a 200-day simple moving average of $10.58. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $343.95 million, a P/E ratio of 72.63 and a beta of 1.32.

Potbelly (NASDAQ:PBPBGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Potbelly had a net margin of 1.04% and a return on equity of 50.06%. The firm had revenue of $125.75 million during the quarter, compared to analysts’ expectations of $125.80 million. On average, equities research analysts anticipate that Potbelly will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Potbelly in the fourth quarter valued at $216,000. Vanguard Group Inc. increased its stake in shares of Potbelly by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,579,581 shares of the company’s stock worth $16,459,000 after purchasing an additional 13,388 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Potbelly by 55.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,769 shares of the company’s stock worth $196,000 after purchasing an additional 6,667 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Potbelly during the fourth quarter worth about $764,000. Finally, Barclays PLC increased its stake in shares of Potbelly by 588.6% during the fourth quarter. Barclays PLC now owns 37,956 shares of the company’s stock worth $395,000 after purchasing an additional 32,444 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

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.

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