Maxim Group analyst Stephen Anderson maintained a Buy rating on Potbelly Corp (PBPB) today and set a price target of $12. The company’s shares closed on Friday at $8.70, close to its 52-week low of $7.71.
Anderson said:
“We maintain our Buy rating on Potbelly Corporation (PBPB), though lower our price target to $12, from $13, ahead of the release of 4Q18 (December) results in late February.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.1% and a 66.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Potbelly Corp with a $12 average price target.
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The company has a one-year high of $14.15 and a one-year low of $7.71. Currently, Potbelly Corp has an average volume of 295.9K.
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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.
