Analysts Set Potbelly Co. (NASDAQ:PBPB) Target Price at $14.33

by · The Markets Daily

Shares of Potbelly Co. (NASDAQ:PBPB – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the three research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.00.

PBPB has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a research note on Monday, August 12th. Craig Hallum reduced their price target on shares of Potbelly from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Get Our Latest Stock Analysis on Potbelly

Insider Activity

In other news, major shareholder Nierenberg Investment Manageme purchased 23,394 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $6.62 per share, with a total value of $154,868.28. Following the completion of the purchase, the insider now directly owns 1,561,985 shares of the company’s stock, valued at $10,340,340.70. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Potbelly

Several large investors have recently bought and sold shares of the business. Hodges Capital Management Inc. acquired a new stake in Potbelly during the 1st quarter worth $1,411,000. Silvercrest Asset Management Group LLC bought a new position in shares of Potbelly in the 1st quarter worth $5,820,000. First Eagle Investment Management LLC grew its stake in shares of Potbelly by 17.7% during the second quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company’s stock worth $8,121,000 after purchasing an additional 152,200 shares during the period. Squarepoint Ops LLC bought a new stake in Potbelly in the second quarter valued at about $1,070,000. Finally, Russell Investments Group Ltd. lifted its stake in Potbelly by 224.9% in the first quarter. Russell Investments Group Ltd. now owns 300,736 shares of the company’s stock valued at $3,642,000 after buying an additional 208,170 shares during the period. 72.60% of the stock is currently owned by institutional investors and hedge funds.

Potbelly Stock Down 0.4 %

PBPB opened at $7.78 on Friday. Potbelly has a twelve month low of $6.28 and a twelve month high of $14.36. The firm has a market cap of $232.93 million, a price-to-earnings ratio of 6.59 and a beta of 1.19. The firm’s 50-day simple moving average is $8.04 and its 200-day simple moving average is $8.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.39 and a current ratio of 0.45.

Potbelly (NASDAQ:PBPB – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $119.70 million during the quarter, compared to analyst estimates of $119.00 million. Potbelly had a net margin of 7.58% and a return on equity of 21.42%. During the same quarter last year, the business posted $0.07 earnings per share. Equities research analysts anticipate that Potbelly will post 0.2 EPS for the current fiscal year.

Potbelly Company Profile

(Get Free Report

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.

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