Goldman Sachs Group Inc. reiterated their neutral rating on shares of Potbelly Corp (NASDAQ:PBPB) in a research report released on Wednesday morning, American Banking & Market News reports.
Goldman Sachs Group Inc. has also taken action a number of other stocks recently. The firm downgraded shares of Fortress Investment Group LLC to a neutral rating. Also, Goldman Sachs Group Inc. upgraded shares of Carlyle Group LP to a buy rating. Finally, Goldman Sachs Group Inc. downgraded shares of Telefonica Brasil SA from a buy rating to a neutral rating.
Shares of Potbelly Corp (NASDAQ:PBPB) opened at 29.58 on Wednesday. Potbelly Corp has a 1-year low of $23.76 and a 1-year high of $33.90. The stock has a 50-day moving average of $27.98 and a 200-day moving average of $27.98. The company has a market cap of $828.4 million and a P/E ratio of 29.37.
Potbelly Corp (NASDAQ:PBPB) last released its earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.06. The company had revenue of $78.00 million for the quarter, compared to the consensus estimate of $77.88 million. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Analysts expect that Potbelly Corp will post $0.24 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Potbelly Corp in a research note to investors on Tuesday, October 29th. They set a neutral rating on the stock. Separately, analysts at William Blair initiated coverage on shares of Potbelly Corp in a research note to investors on Tuesday, October 29th. They set a market perform rating on the stock. They noted that the move was a valuation call. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of Potbelly Corp in a research note to investors on Tuesday, October 29th. They set an overweight rating and a $34.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $32.50.
Potbelly Corporation is a neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items.
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