Potbelly’s (PBPB) “Hold” Rating Reiterated at Maxim Group

Maxim Group reaffirmed their hold rating on shares of Potbelly (NASDAQ:PBPB) in a research report released on Monday, December 4th, Marketbeat.com reports. Maxim Group currently has a $13.00 price target on the stock, up from their previous price target of $12.00.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird reissued a hold rating and issued a $13.00 target price on shares of Potbelly in a research note on Tuesday, September 19th. Zacks Investment Research upgraded Potbelly from a sell rating to a hold rating in a research report on Friday, September 15th. Piper Jaffray Companies upgraded Potbelly from a neutral rating to an overweight rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Finally, BidaskClub raised Potbelly from a strong sell rating to a sell rating in a research note on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Potbelly presently has a consensus rating of Hold and an average price target of $14.33.

Shares of Potbelly (NASDAQ PBPB) remained flat at $$12.70 during mid-day trading on Monday. The company had a trading volume of 88,300 shares, compared to its average volume of 272,226. Potbelly has a 52-week low of $10.50 and a 52-week high of $14.55. The company has a market cap of $315.01, a P/E ratio of 33.42, a P/E/G ratio of 2.12 and a beta of 0.93.

Potbelly (NASDAQ:PBPB) last issued its earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. During the same period in the prior year, the firm posted $0.12 EPS. Potbelly’s quarterly revenue was up 2.2% compared to the same quarter last year. research analysts expect that Potbelly will post 0.3 EPS for the current year.

Large investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Potbelly by 0.3% in the second quarter. Alps Advisors Inc. now owns 37,265 shares of the company’s stock valued at $429,000 after buying an additional 96 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Potbelly by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock worth $241,000 after purchasing an additional 354 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Potbelly by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 74,618 shares of the company’s stock worth $859,000 after purchasing an additional 456 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Potbelly by 0.5% during the first quarter. Geode Capital Management LLC now owns 194,688 shares of the company’s stock worth $2,706,000 after buying an additional 1,025 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Potbelly by 0.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock worth $3,263,000 after buying an additional 1,101 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

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About Potbelly

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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