Potbelly Corp Price Target Cut to $14.00 (PBPB)
Analysts at Piper Jaffray dropped their target price on shares of Potbelly Corp (NASDAQ:PBPB) from $19.00 to $14.00 in a research report issued to clients and investors on Thursday. The firm currently has an 'overweight' rating on the stock. Piper Jaffray's price target would indicate a potential downside of 4.44% from the stock's previous close.
Potbelly Corp ( NASDAQ:PBPB) opened at 14.65 on Thursday. Potbelly Corp has a 1-year low of $14.51 and a 1-year high of $33.90. The stock's 50-day moving average is $15.58 and its 200-day moving average is $19.01. The company's market cap is $428.6 million.
Potbelly Corp (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $73.90 million for the quarter, compared to the consensus estimate of $73.66 million. Potbelly Corp's revenue was up 7.6% compared to the same quarter last year. Analysts expect that Potbelly Corp will post $0.34 EPS for the current fiscal year.
Potbelly Corporation is a neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
Post a Comment for "Potbelly Corp Price Target Cut to $14.00 (PBPB)"