BidaskClub Downgrades Potbelly (PBPB) to Strong Sell

BidaskClub lowered shares of Potbelly (NASDAQ:PBPB) from a sell rating to a strong sell rating in a research report released on Friday.

Other analysts have also issued research reports about the company. ValuEngine raised Potbelly from a hold rating to a buy rating in a report on Tuesday, August 14th. Zacks Investment Research raised Potbelly from a sell rating to a hold rating in a report on Saturday, August 11th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of Hold and a consensus target price of $13.00.

Shares of NASDAQ PBPB opened at $11.96 on Friday. The stock has a market cap of $313.13 million, a PE ratio of 38.94, a P/E/G ratio of 1.91 and a beta of 0.82. Potbelly has a 52 week low of $11.05 and a 52 week high of $14.15.

Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $110.35 million for the quarter, compared to analyst estimates of $112.85 million. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%. Analysts expect that Potbelly will post 0.37 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBPB. Quantitative Systematic Strategies LLC acquired a new stake in Potbelly in the 2nd quarter valued at approximately $146,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Potbelly in the 2nd quarter valued at approximately $152,000. Granite Investment Partners LLC acquired a new stake in Potbelly in the 2nd quarter valued at approximately $200,000. New York State Common Retirement Fund grew its holdings in Potbelly by 28.3% in the 1st quarter. New York State Common Retirement Fund now owns 24,500 shares of the company’s stock valued at $295,000 after buying an additional 5,400 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Potbelly by 410.4% in the 1st quarter. JPMorgan Chase & Co. now owns 25,193 shares of the company’s stock valued at $304,000 after buying an additional 20,257 shares during the last quarter. 71.92% of the stock is currently owned by hedge funds and other institutional investors.

Potbelly Company Profile

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.

Featured Article: How Investors Use a Balance Sheet

Receive News & Ratings for Potbelly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply