Potbelly (PBPB) Upgraded by BidaskClub to Sell
BidaskClub upgraded shares of Potbelly (NASDAQ:PBPB) from a strong sell rating to a sell rating in a report released on Saturday morning.
A number of other research analysts have also issued reports on the stock. Maxim Group reduced their target price on shares of Potbelly from $13.00 to $12.00 and set a hold rating on the stock in a report on Monday, April 16th. ValuEngine lowered shares of Potbelly from a hold rating to a sell rating in a report on Wednesday, April 18th. Finally, Zacks Investment Research lowered shares of Potbelly from a buy rating to a hold rating in a report on Saturday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Potbelly currently has an average rating of Hold and a consensus price target of $14.00.
Potbelly traded up $0.12, reaching $12.88, on Friday, MarketBeat Ratings reports. The stock had a trading volume of 113,674 shares, compared to its average volume of 126,814. The firm has a market cap of $324.58 million, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76. Potbelly has a 12-month low of $10.98 and a 12-month high of $13.75.
In related news, SVP Julie Younglove-Webb sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the sale, the senior vice president now owns 15,617 shares of the company’s stock, valued at approximately $204,582.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.60% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Quantitative Systematic Strategies LLC acquired a new stake in Potbelly in the second quarter valued at approximately $146,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Potbelly in the second quarter valued at approximately $152,000. MetLife Investment Advisors LLC acquired a new stake in Potbelly in the fourth quarter valued at approximately $154,000. Macquarie Group Ltd. acquired a new stake in Potbelly in the fourth quarter valued at approximately $166,000. Finally, Granite Investment Partners LLC acquired a new stake in Potbelly in the second quarter valued at approximately $200,000. 70.01% of the stock is owned by institutional investors.
Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.
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