Maxim Group reaffirmed their hold rating on shares of Potbelly (NASDAQ:PBPB) in a research note released on Monday morning. They currently have a $13.00 target price on the stock, up from their previous target price of $12.00.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Potbelly from a sell rating to a hold rating in a report on Friday, September 15th. Robert W. Baird restated a hold rating and set a $13.00 price objective on shares of Potbelly in a report on Friday, October 20th. BidaskClub upgraded Potbelly from a strong sell rating to a sell rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies upgraded Potbelly from a neutral rating to an overweight rating and boosted their price objective for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Potbelly has a consensus rating of Hold and a consensus target price of $14.33.
Shares of Potbelly (NASDAQ:PBPB) traded up $0.70 during midday trading on Monday, reaching $13.30. The company’s stock had a trading volume of 217,800 shares, compared to its average volume of 276,081. The firm has a market capitalization of $312.53, a P/E ratio of 33.16, a PEG ratio of 2.05 and a beta of 0.93. Potbelly has a 1 year low of $10.50 and a 1 year high of $14.55.
Several large investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Potbelly by 0.3% in the second quarter. Alps Advisors Inc. now owns 37,265 shares of the company’s stock valued at $429,000 after buying an additional 96 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Potbelly by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock valued at $241,000 after buying an additional 354 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Potbelly by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,618 shares of the company’s stock valued at $859,000 after buying an additional 456 shares during the period. Geode Capital Management LLC boosted its stake in shares of Potbelly by 0.5% in the first quarter. Geode Capital Management LLC now owns 194,688 shares of the company’s stock valued at $2,706,000 after buying an additional 1,025 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Potbelly by 0.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock valued at $3,263,000 after buying an additional 1,101 shares during the period. Institutional investors own 73.46% of the company’s stock.
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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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