Potbelly (NASDAQ:PBPB)‘s stock had its “hold” rating reiterated by equities researchers at Maxim Group in a research note issued on Monday, Marketbeat.com reports. They currently have a $13.00 price target on the stock, up from their prior price target of $12.00. Maxim Group’s target price points to a potential downside of 2.26% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Potbelly in a research note on Friday, October 20th. BidaskClub raised Potbelly from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Piper Jaffray Companies raised Potbelly from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.33.

Potbelly (NASDAQ PBPB) traded up $0.70 during midday trading on Monday, hitting $13.30. The stock had a trading volume of 217,800 shares, compared to its average volume of 276,081. Potbelly has a 12 month low of $10.50 and a 12 month high of $14.55. The company has a market cap of $312.53, a price-to-earnings ratio of 33.16, a PEG ratio of 2.05 and a beta of 0.93.

Potbelly (NASDAQ:PBPB) last released its earnings results on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The company had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. During the same quarter in the previous year, the company posted $0.12 EPS. Potbelly’s revenue for the quarter was up 2.2% on a year-over-year basis. research analysts expect that Potbelly will post 0.31 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Vivaldi Asset Management LLC purchased a new position in Potbelly during the 2nd quarter valued at about $4,098,000. Balyasny Asset Management LLC increased its holdings in Potbelly by 713.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock valued at $1,198,000 after purchasing an additional 91,380 shares during the period. IndexIQ Advisors LLC increased its holdings in Potbelly by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 62,357 shares of the company’s stock valued at $773,000 after purchasing an additional 28,288 shares during the period. Dimensional Fund Advisors LP increased its holdings in Potbelly by 34.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock valued at $11,162,000 after purchasing an additional 250,465 shares during the period. Finally, 1060 Capital LLC purchased a new position in Potbelly during the 3rd quarter valued at about $6,027,000. Institutional investors own 73.46% of the company’s stock.

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About Potbelly

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

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