Potbelly Sandwich Works (PBPB) Downgraded by ValuEngine

ValuEngine downgraded shares of Potbelly Sandwich Works (NASDAQ:PBPB) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Potbelly Sandwich Works from a hold rating to a buy rating and set a $15.00 target price on the stock in a report on Wednesday, January 10th. Maxim Group lowered their target price on shares of Potbelly Sandwich Works from $13.00 to $12.00 and set a hold rating on the stock in a report on Monday, April 16th. Finally, BidaskClub lowered shares of Potbelly Sandwich Works from a sell rating to a strong sell rating in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Potbelly Sandwich Works has a consensus rating of Hold and a consensus target price of $14.00.

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PBPB opened at $11.70 on Wednesday. Potbelly Sandwich Works has a fifty-two week low of $10.50 and a fifty-two week high of $14.28. The stock has a market capitalization of $302.14, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 1.62 and a beta of 0.76.

Potbelly Sandwich Works (NASDAQ:PBPB) last posted its earnings results on Friday, February 23rd. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Potbelly Sandwich Works had a negative net margin of 1.62% and a positive return on equity of 6.59%. The company had revenue of $112.15 million for the quarter, compared to analyst estimates of $112.91 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. analysts expect that Potbelly Sandwich Works will post 0.37 earnings per share for the current fiscal year.

In other Potbelly Sandwich Works news, insider Anne Ewing sold 9,220 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $13.16, for a total value of $121,335.20. Following the completion of the sale, the insider now owns 13,088 shares in the company, valued at approximately $172,238.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Potbelly Sandwich Works by 1.3% in the 4th quarter. BlackRock Inc. now owns 1,738,361 shares of the company’s stock valued at $21,382,000 after buying an additional 22,050 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Potbelly Sandwich Works by 28.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,251,417 shares of the company’s stock valued at $15,518,000 after buying an additional 280,835 shares during the last quarter. Confluence Investment Management LLC grew its position in shares of Potbelly Sandwich Works by 3.3% during the 4th quarter. Confluence Investment Management LLC now owns 317,351 shares of the company’s stock valued at $3,903,000 after acquiring an additional 10,222 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Potbelly Sandwich Works by 14.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 94,126 shares of the company’s stock valued at $1,158,000 after acquiring an additional 11,713 shares during the period. Finally, Fondren Management LP bought a new position in shares of Potbelly Sandwich Works during the 4th quarter valued at approximately $947,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

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About Potbelly Sandwich Works

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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