Maxim Group analyst Stephen Anderson maintained a Buy rating on Potbelly Corp (PBPB) yesterday and set a price target of $11. The company’s shares closed yesterday at $8.90.
Anderson noted:
“We maintain our Buy rating and $11 price target on Potbelly Corporation (PBPB) ahead of the release of 1Q19 (March) results on Tuesday, May 7 after the close.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.0% and a 68.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
The word on The Street in general, suggests a Hold analyst consensus rating for Potbelly Corp with a $10 average price target.
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Based on Potbelly Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.36 million. In comparison, last year the company had a GAAP net loss of $2.19 million.
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Potbelly Corp. engages in owning and operating sandwich restaurants. It offers toasty warm sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.
