Potbelly Corp (NASDAQ:PBPB) has received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.
A number of analysts recently issued reports on the company. Zacks Investment Research lowered Potbelly from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. ValuEngine lowered Potbelly from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Maxim Group reiterated a “buy” rating and set a $12.00 price objective on shares of Potbelly in a research note on Monday, January 28th. Finally, Bank of America set a $9.00 price objective on Potbelly and gave the company a “sell” rating in a research note on Tuesday, February 26th.
Shares of NASDAQ PBPB opened at $8.80 on Thursday. Potbelly has a one year low of $7.71 and a one year high of $14.15. The firm has a market cap of $216.91 million, a PE ratio of 30.34, a PEG ratio of 1.93 and a beta of 1.03.
Several large investors have recently added to or reduced their stakes in PBPB. Millennium Management LLC raised its stake in shares of Potbelly by 97.1% during the 4th quarter. Millennium Management LLC now owns 629,545 shares of the company’s stock valued at $5,068,000 after purchasing an additional 310,119 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Potbelly during the 4th quarter valued at $929,000. Confluence Investment Management LLC increased its stake in Potbelly by 23.8% in the 1st quarter. Confluence Investment Management LLC now owns 454,793 shares of the company’s stock worth $3,871,000 after acquiring an additional 87,478 shares during the last quarter. Vanguard Group Inc increased its stake in Potbelly by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock worth $16,119,000 after acquiring an additional 75,769 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Potbelly by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,310,489 shares of the company’s stock worth $16,119,000 after acquiring an additional 75,769 shares during the last quarter. Institutional investors own 72.87% of the company’s stock.
Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.
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