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Potbelly Corp (PBPB) Receives a Rating Update from a Top Analyst


Maxim Group analyst Stephen Anderson maintained a Buy rating on Potbelly Corp (PBPB) today and set a price target of $15. The company’s shares closed yesterday at $11.61.

Anderson noted:

“Potbelly (PBPB) announced 3Q18 (September) pro forma EPS of $0.09, which were below our Street-matching $0.11 estimate.”

According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.8% and a 74.8% 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 $16.50 average price target.

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Based on Potbelly Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $360K. In comparison, last year the company had a GAAP net loss of $240K.

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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.