Potbelly Corp (PBPB) is Initiated by Maxim Group to Hold, Price Target at $14

Potbelly Corp (PBPB) was Initiated by Maxim Group to “Hold” and the brokerage firm has set the Price Target at $14. Maxim Group advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Potbelly Corp. Shares were Downgraded by Robert W. Baird on Aug 1, 2016 to ” Neutral” and Lowered the Price Target to $ 13 from a previous price target of $16 .

On the company’s financial health, Potbelly Corp reported $0.13 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $105.00 million for the quarter, compared to analysts expectations of $105.67 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Potbelly Corp closed down -0.04 points or -0.31% at $13.01 with 74,218 shares getting traded on Tuesday. Post opening the session at $13.11, the shares hit an intraday low of $12.98 and an intraday high of $13.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 11, 2016, Matthew J Revord (SVP, GC and Secretary) sold 20,000 shares at $12.85 per share price. According to the SEC, on Apr 18, 2016, John B Morlock (SVP, Operations) sold 10,000 shares at $14.00 per share price. On Mar 9, 2016, Christopher Carlson (VP, Controller) purchased 500 shares at $13.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. The Company has a domestic base of around 351 shops in 26 states of the United States and the District of Columbia consisting of approximately 334 Company-operated shops and around 17 franchisee-operated shops. The Company also has around 12 franchised shops in the Middle East. The Company’s menu includes sandwiches salads soups chili sides desserts and in its breakfast locations breakfast sandwiches and steel cut oatmeal. The Company also offers hand-dipped shakes and smoothies. The Company’s cookie offerings include Oatmeal Chocolate Chip Sugar and Chocolate Brownie cookies.

Potbelly Corp

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