Potbelly (NASDAQ:PBPB - Get Free Report)'s stock had its "market perform" rating reiterated by research analysts at William Blair in a report released on Thursday,RTT News reports.
Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Potbelly from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Potbelly in a research note on Friday, March 7th.
Get Our Latest Stock Analysis on PBPB
Potbelly Stock Up 2.5 %
PBPB traded up $0.23 on Thursday, hitting $9.55. 85,839 shares of the company were exchanged, compared to its average volume of 208,743. The firm has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $9.80. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The company has a market cap of $285.35 million, a price-to-earnings ratio of 7.64 and a beta of 1.50. Potbelly has a twelve month low of $6.28 and a twelve month high of $13.48.
Insider Activity at Potbelly
In other news, major shareholder David Nierenberg acquired 7,600 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were bought at an average price of $9.23 per share, with a total value of $70,148.00. Following the completion of the acquisition, the insider now owns 101,998 shares in the company, valued at $941,441.54. This trade represents a 8.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.10% of the stock is owned by corporate insiders.
Institutional Trading of Potbelly
A number of large investors have recently made changes to their positions in PBPB. Aquatic Capital Management LLC purchased a new stake in Potbelly in the fourth quarter valued at approximately $27,000. State of Wyoming boosted its stake in Potbelly by 14.3% during the 4th quarter. State of Wyoming now owns 7,012 shares of the company's stock worth $66,000 after purchasing an additional 876 shares during the period. FMR LLC grew its position in Potbelly by 1,101.9% during the 3rd quarter. FMR LLC now owns 8,678 shares of the company's stock worth $72,000 after purchasing an additional 7,956 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Potbelly in the fourth quarter valued at $98,000. Finally, Quarry LP raised its holdings in shares of Potbelly by 662.9% in the third quarter. Quarry LP now owns 10,925 shares of the company's stock valued at $91,000 after buying an additional 9,493 shares during the last quarter. 72.60% of the stock is owned by institutional investors and hedge funds.
Potbelly Company Profile
(
Get Free Report)
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
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