Potbelly Corporation (PBPB) Posts Earnings Results, Beats Estimates By $0.01 EPS

Potbelly Corporation (NASDAQ:PBPB) issued its quarterly earnings data on Friday. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, Bloomberg Earnings reports. The firm had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS.

Potbelly Corporation (PBPB) opened at $11.05 on Friday. The firm has a market cap of $288.94 million, a price-to-earnings ratio of 26.74, a PEG ratio of 1.84 and a beta of 0.90.

A number of equities research analysts recently weighed in on PBPB shares. BidaskClub cut Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Potbelly Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Maxim Group restated a “hold” rating and set a $11.00 price objective on shares of Potbelly Corporation in a research note on Friday, October 6th. Piper Jaffray Companies upgraded Potbelly Corporation from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.67.

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Potbelly Corporation Company Profile

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

Earnings History for Potbelly Corporation (NASDAQ:PBPB)

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