Potbelly Corp (PBPB) Downgraded by William Blair to Market Perform

Potbelly Corp (PBPB) Downgraded by William Blair to Market Perform

William Blair lowered shares of Potbelly Corp (NASDAQ:PBPB) from an outperform rating to a market perform rating in a report released on Wednesday morning.

A number of other brokerages also recently weighed in on PBPB. TheStreet upgraded Potbelly Corp from a c+ rating to a b- rating in a report on Friday, March 31st. Zacks Investment Research upgraded Potbelly Corp from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Potbelly Corp currently has a consensus rating of Hold and a consensus target price of $14.00.

Potbelly Corp (NASDAQ:PBPB) traded up 2.38% during mid-day trading on Wednesday, hitting $11.85. The company had a trading volume of 653,409 shares. The company’s 50 day moving average price is $13.59 and its 200-day moving average price is $13.36. Potbelly Corp has a one year low of $11.02 and a one year high of $14.55. The company has a market cap of $297.09 million, a PE ratio of 38.23 and a beta of 0.96. Potbelly Corp (NASDAQ:PBPB) last announced its earnings results on Tuesday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $101.70 million for the quarter, compared to analyst estimates of $102.78 million. Potbelly Corp had a return on equity of 8.23% and a net margin of 1.87%. Equities research analysts anticipate that Potbelly Corp will post $0.40 EPS for the current fiscal year.

Potbelly Corp (NASDAQ:PBPB) traded up 2.38% during mid-day trading on Wednesday, hitting $11.85. The company had a trading volume of 653,409 shares. The company’s 50 day moving average price is $13.59 and its 200-day moving average price is $13.36. Potbelly Corp has a one year low of $11.02 and a one year high of $14.55. The company has a market cap of $297.09 million, a PE ratio of 38.23 and a beta of 0.96. In other Potbelly Corp news, insider Anne Ewing sold 25,000 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $13.56, for a total value of $339,000.00. Following the transaction, the insider now owns 25,000 shares in the company, valued at $339,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank increased its stake in Potbelly Corp by 0.4% in the fourth quarter. Comerica Bank now owns 221,716 shares of the company’s stock valued at $2,927,000 after buying an additional 828 shares during the period. Stevens Capital Management LP increased its stake in Potbelly Corp by 11.6% in the third quarter. Stevens Capital Management LP now owns 12,960 shares of the company’s stock valued at $161,000 after buying an additional 1,349 shares during the period. Stephens Inc. AR increased its stake in Potbelly Corp by 17.1% in the third quarter. Stephens Inc. AR now owns 15,100 shares of the company’s stock valued at $188,000 after buying an additional 2,200 shares during the period. Bessemer Group Inc. increased its stake in Potbelly Corp by 6.2% in the fourth quarter. Bessemer Group Inc. now owns 48,300 shares of the company’s stock valued at $623,000 after buying an additional 2,800 shares during the period. Finally, Boston Advisors LLC increased its stake in Potbelly Corp by 7.7% in the third quarter. Boston Advisors LLC now owns 43,105 shares of the company’s stock valued at $536,000 after buying an additional 3,070 shares during the period. Hedge funds and other institutional investors own 71.76% of the company’s stock. Potbelly Corp 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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