Potbelly Corp (NASDAQ:PBPB) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.39 and traded as low as $4.72. Potbelly shares last traded at $4.77, with a volume of 20,111 shares.

A number of equities analysts have issued reports on PBPB shares. Maxim Group set a $4.00 target price on Potbelly and gave the stock a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research lowered Potbelly from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, ValuEngine raised Potbelly from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has an average rating of “Sell” and a consensus target price of $7.58.

The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $118.13 million, a P/E ratio of 17.14 and a beta of 1.22. The firm’s 50 day moving average price is $4.39 and its two-hundred day moving average price is $6.27.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.08). Potbelly had a positive return on equity of 0.10% and a negative net margin of 6.45%. The business had revenue of $105.60 million during the quarter, compared to the consensus estimate of $106.01 million. During the same period in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts anticipate that Potbelly Corp will post -0.12 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in Potbelly in the 1st quarter valued at $26,000. BNP Paribas Arbitrage SA lifted its position in Potbelly by 20,439.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,724 shares of the company’s stock worth $40,000 after buying an additional 4,701 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Potbelly during the 2nd quarter worth about $66,000. Walleye Trading LLC acquired a new position in shares of Potbelly during the 2nd quarter worth about $67,000. Finally, AdvisorNet Financial Inc acquired a new position in shares of Potbelly during the 2nd quarter worth about $86,000. 60.94% of the stock is owned by institutional investors and hedge funds.

Potbelly Company Profile (NASDAQ:PBPB)

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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