Analysts’ Recent Ratings Changes for Potbelly (PBPB)

Several brokerages have updated their recommendations and price targets on shares of Potbelly (NASDAQ: PBPB) in the last few weeks:

  • 12/7/2018 – Potbelly was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois. “
  • 12/1/2018 – Potbelly was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/27/2018 – Potbelly was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois. “
  • 11/20/2018 – Potbelly was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois. “
  • 11/14/2018 – Potbelly was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois. “
  • 11/12/2018 – Potbelly was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 10/24/2018 – Potbelly was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Potbelly was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/12/2018 – Potbelly was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/12/2018 – Potbelly was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/10/2018 – Potbelly was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock, up previously from $13.00. They wrote, “We upgrade shares of Potbelly Corporation (PBPB) to Buy, from Hold, and raise our price target to $15, from $13, as we believe a potential top-line catalyst will be accelerated following our recent channel checks.””

Shares of NASDAQ:PBPB opened at $9.53 on Friday. Potbelly Corp has a fifty-two week low of $9.25 and a fifty-two week high of $14.15. The firm has a market cap of $235.28 million, a P/E ratio of 30.74, a P/E/G ratio of 1.88 and a beta of 0.74.

Potbelly (NASDAQ:PBPB) last issued its earnings results on Friday, November 9th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Potbelly had a positive return on equity of 7.35% and a negative net margin of 2.72%. The company had revenue of $107.00 million for the quarter, compared to the consensus estimate of $109.82 million. During the same quarter in the prior year, the company posted $0.07 EPS. Potbelly’s revenue was up .8% compared to the same quarter last year. On average, analysts expect that Potbelly Corp will post 0.29 EPS for the current year.



Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Potbelly by 9.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 115,800 shares of the company’s stock worth $1,500,000 after acquiring an additional 9,647 shares during the last quarter. Macquarie Group Ltd. lifted its position in Potbelly by 138.6% during the second quarter. Macquarie Group Ltd. now owns 28,605 shares of the company’s stock valued at $370,000 after purchasing an additional 16,614 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Potbelly during the second quarter valued at $152,000. Dimensional Fund Advisors LP lifted its position in Potbelly by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,425,100 shares of the company’s stock valued at $18,455,000 after purchasing an additional 42,671 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Potbelly during the third quarter valued at $389,000. Hedge funds and other institutional investors own 76.23% of the company’s stock.

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 November 9, 2018, 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.

See Also: Retained Earnings

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