In a report released today, Jeremy Hamblin from Craig-Hallum initiated coverage with a Buy rating on Potbelly (PBPB – Research Report) and a price target of $15.00. The company’s shares opened today at $8.17.
According to TipRanks, Hamblin is a 2-star analyst with an average return of -0.7% and a 42.19% success rate. Hamblin covers the Consumer Cyclical sector, focusing on stocks such as Arhaus, Carrols Restaurant Group, and Boot Barn.
Potbelly has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.
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Based on Potbelly’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $124.71 million and a net profit of $2.22 million. In comparison, last year the company earned a revenue of $114.99 million and had a net profit of $574 thousand
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PBPB in relation to earlier this year.
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Potbelly (PBPB) Company Description:
Potbelly Corp. engages in the owning and operating of sandwich restaurants. It offers toasty sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.
Read More on PBPB:
- Potbelly Corporation Announces Conference Call to Discuss Third Quarter 2023 Results on November 1, 2023
- HP Inc. upgraded, Airbnb downgraded: Wall Street’s top analyst calls
- Benchmark starts Potbelly with a Hold amid near-term consumer headwinds
- Potbelly initiated with a Hold at Benchmark
- Potbelly Corporation to Participate at The Benchmark Consumer 1×1 Conference
