Potbelly (NASDAQ:PBPB - Get Free Report)'s stock had its "market perform" rating reaffirmed by analysts at William Blair in a research report issued to clients and investors on Friday,RTT News reports.
Separately, Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Potbelly in a research note on Friday.
View Our Latest Analysis on Potbelly
Potbelly Stock Performance
Potbelly stock traded up $0.13 during mid-day trading on Friday, reaching $9.70. 482,933 shares of the company traded hands, compared to its average volume of 275,792. The firm's fifty day moving average is $11.45 and its two-hundred day moving average is $9.72. The company has a market capitalization of $290.39 million, a price-to-earnings ratio of 7.76 and a beta of 1.50. Potbelly has a fifty-two week low of $6.28 and a fifty-two week high of $13.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43.
Insider Buying and Selling
In other Potbelly news, major shareholder David Nierenberg purchased 4,740 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $9.36 per share, with a total value of $44,366.40. Following the completion of the acquisition, the insider now owns 3,150 shares in the company, valued at $29,484. This trade represents a -298.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Potbelly
A number of institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC acquired a new stake in Potbelly during the fourth quarter worth about $27,000. State of Wyoming boosted its position in Potbelly by 14.3% in 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 in the last quarter. FMR LLC grew its stake in shares of 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 period. Quarry LP increased its holdings in shares of Potbelly by 662.9% during the 3rd quarter. Quarry LP now owns 10,925 shares of the company's stock valued at $91,000 after purchasing an additional 9,493 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Potbelly in the 4th quarter valued at $98,000. Hedge funds and other institutional investors own 72.60% of the company's stock.
About Potbelly
(
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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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