Shares of Potbelly Corp (NASDAQ:PBPB) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.25.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Potbelly from a “buy” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub downgraded Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Finally, Maxim Group reaffirmed a “hold” rating and set a $13.00 price target (up from $12.00) on shares of Potbelly in a report on Monday, December 4th.
Shares of Potbelly (NASDAQ:PBPB) opened at $13.25 on Tuesday. Potbelly has a 1-year low of $10.50 and a 1-year high of $14.28. The company has a market capitalization of $328.66, a price-to-earnings ratio of -101.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74.
Large investors have recently made changes to their positions in the company. Atria Investments LLC bought a new position in shares of Potbelly during the fourth quarter valued at $136,000. MetLife Investment Advisors LLC bought a new position in shares of Potbelly during the fourth quarter valued at $154,000. Two Sigma Securities LLC bought a new position in shares of Potbelly during the fourth quarter valued at $155,000. Macquarie Group Ltd. bought a new position in shares of Potbelly during the fourth quarter valued at $166,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Potbelly by 19.6% during the second quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock valued at $167,000 after purchasing an additional 2,382 shares in the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.
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Potbelly Company Profile
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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