Potbelly Corporation (PBPB) Issues Quarterly Earnings Results

Potbelly Corporation (NASDAQ:PBPB) announced its earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01, Bloomberg Earnings reports. Potbelly Corporation had a net margin of 0.54% and a return on equity of 7.80%. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. During the same period in the previous year, the business posted $0.12 earnings per share. Potbelly Corporation’s revenue for the quarter was up 2.2% on a year-over-year basis.

Shares of Potbelly Corporation (NASDAQ PBPB) opened at $11.75 on Tuesday. The stock has a market cap of $295.17, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. Potbelly Corporation has a fifty-two week low of $10.50 and a fifty-two week high of $14.55.

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A number of analysts have recently weighed in on PBPB shares. Maxim Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Potbelly Corporation in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a research note on Friday, October 20th. Piper Jaffray Companies upgraded shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and upped their target price for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Finally, BidaskClub upgraded shares of Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Potbelly Corporation presently has an average rating of “Hold” and a consensus price target of $13.67.

About Potbelly Corporation

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

Earnings History for Potbelly Corporation (NASDAQ:PBPB)

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