Potbelly Corp (NASDAQ:PBPB) Given Average Rating of “Sell” by Analysts

Potbelly Corp (NASDAQ:PBPB) has received an average rating of “Sell” from the six analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.50.

A number of research firms recently weighed in on PBPB. Zacks Investment Research downgraded Potbelly from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Maxim Group downgraded Potbelly from a “buy” rating to a “hold” rating and decreased their target price for the stock from $11.00 to $8.00 in a research report on Wednesday, May 8th. Finally, Bank of America set a $9.00 target price on Potbelly and gave the stock a “sell” rating in a research report on Tuesday, February 26th.

PBPB stock traded down $0.30 during trading on Friday, reaching $4.52. 7,734 shares of the stock were exchanged, compared to its average volume of 242,811. Potbelly has a twelve month low of $4.38 and a twelve month high of $14.15. The company has a market cap of $111.82 million, a PE ratio of 15.59 and a beta of 1.44. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 2.85.

Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). Potbelly had a positive return on equity of 3.85% and a negative net margin of 6.01%. The firm had revenue of $98.09 million for the quarter, compared to analyst estimates of $100.96 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Potbelly will post -0.03 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBPB. Quantamental Technologies LLC acquired a new stake in Potbelly during the first quarter valued at approximately $26,000. BNP Paribas Arbitrage SA boosted its holdings in Potbelly by 20,439.1% during the first quarter. BNP Paribas Arbitrage SA now owns 4,724 shares of the company’s stock valued at $40,000 after purchasing an additional 4,701 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Potbelly by 287.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,032 shares of the company’s stock valued at $49,000 after purchasing an additional 4,474 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in Potbelly during the first quarter valued at approximately $99,000. Finally, Bank of America Corp DE boosted its holdings in Potbelly by 97.1% during the fourth quarter. Bank of America Corp DE now owns 13,587 shares of the company’s stock valued at $109,000 after purchasing an additional 6,695 shares in the last quarter. 72.40% of the stock is currently owned by institutional investors.

About Potbelly

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.

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