Potbelly (NASDAQ:PBPB) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Potbelly Co. (NASDAQ:PBPB - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.93 and traded as low as $8.38. Potbelly shares last traded at $9.05, with a volume of 655,607 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com cut Potbelly from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Potbelly in a research note on Friday, March 7th. Finally, William Blair reaffirmed a "market perform" rating on shares of Potbelly in a research note on Thursday, March 20th.

Potbelly Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a fifty day simple moving average of $10.64 and a 200 day simple moving average of $9.92. The company has a market capitalization of $248.62 million, a PE ratio of 6.59 and a beta of 1.38.

Insider Activity

In other Potbelly news, major shareholder David Nierenberg bought 22,169 shares of the company's stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $9.36 per share, for a total transaction of $207,501.84. Following the acquisition, the insider now directly owns 124,167 shares in the company, valued at approximately $1,162,203.12. The trade was a 21.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.10% of the company's stock.

Institutional Investors Weigh In On Potbelly

Several large investors have recently modified their holdings of PBPB. Rhumbline Advisers boosted its position in Potbelly by 5.7% during the first quarter. Rhumbline Advisers now owns 38,872 shares of the company's stock valued at $370,000 after purchasing an additional 2,108 shares in the last quarter. GAMMA Investing LLC lifted its position in Potbelly by 2,637.9% during the first quarter. GAMMA Investing LLC now owns 7,009 shares of the company's stock valued at $737,000 after acquiring an additional 6,753 shares during the last quarter. State of Wyoming lifted its position in Potbelly by 14.3% during the fourth quarter. State of Wyoming now owns 7,012 shares of the company's stock valued at $66,000 after acquiring an additional 876 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Potbelly by 35.8% in the 4th quarter. Deutsche Bank AG now owns 24,997 shares of the company's stock worth $235,000 after purchasing an additional 6,594 shares in the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in Potbelly during the 4th quarter valued at about $160,000. Institutional investors own 72.60% of the company's stock.

Potbelly Company Profile

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.