Potbelly (PBPB) Rating Lowered to Strong Sell at BidaskClub

Potbelly (NASDAQ:PBPB) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

PBPB has been the subject of a number of other reports. Zacks Investment Research cut Potbelly from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Maxim Group reaffirmed a “hold” rating and set a $11.00 price target on shares of Potbelly in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Potbelly in a report on Friday, October 20th. Finally, Piper Jaffray Companies raised Potbelly from a “neutral” rating to an “overweight” rating and raised their price target for the company from $12.00 to $17.00 in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Potbelly has a consensus rating of “Hold” and an average price target of $14.33.

Shares of Potbelly (PBPB) opened at $12.50 on Friday. Potbelly has a twelve month low of $10.50 and a twelve month high of $14.28. The firm has a market capitalization of $313.77, a price-to-earnings ratio of 138.90, a P/E/G ratio of 2.11 and a beta of 0.93.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The firm had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. During the same period last year, the firm posted $0.12 EPS. The business’s revenue was up 2.2% on a year-over-year basis. equities research analysts predict that Potbelly will post 0.3 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Highland Private Wealth Management acquired a new stake in shares of Potbelly in the 2nd quarter valued at $146,000. Engine Capital Management LLC acquired a new stake in shares of Potbelly in the 2nd quarter valued at $154,000. Voya Investment Management LLC increased its stake in shares of Potbelly by 19.6% in the 2nd quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock valued at $167,000 after buying an additional 2,382 shares during the period. Osborn Williams & Donohoe LLC acquired a new stake in shares of Potbelly in the 3rd quarter valued at $186,000. Finally, First Trust Advisors LP acquired a new stake in shares of Potbelly in the 3rd quarter valued at $231,000. 73.29% of the stock is owned by institutional investors.

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Potbelly 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.

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