Potbelly (NASDAQ:PBPB) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Potbelly (NASDAQ:PBPBGet Rating) in a report issued on Saturday. The brokerage issued a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. TheStreet upgraded Potbelly from a d rating to a c- rating in a research note on Thursday, March 24th. William Blair restated a market perform rating on shares of Potbelly in a research note on Thursday, March 3rd. Finally, Zacks Investment Research upgraded Potbelly from a hold rating to a buy rating and set a $6.50 price objective for the company in a research note on Thursday, May 12th.

PBPB opened at $5.10 on Friday. The stock has a 50-day moving average price of $6.21 and a 200-day moving average price of $5.82. The firm has a market cap of $147.18 million, a PE ratio of -8.36 and a beta of 1.37. Potbelly has a 1 year low of $4.83 and a 1 year high of $9.07.

Potbelly (NASDAQ:PBPBGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.07. Potbelly had a negative return on equity of 938.53% and a negative net margin of 4.30%. During the same period last year, the firm posted ($0.33) earnings per share. As a group, equities analysts anticipate that Potbelly will post -0.06 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Potbelly by 316.0% during the third quarter. Barclays PLC now owns 4,484 shares of the company’s stock worth $30,000 after acquiring an additional 3,406 shares during the last quarter. Sei Investments Co. grew its stake in shares of Potbelly by 21.1% during the first quarter. Sei Investments Co. now owns 18,400 shares of the company’s stock worth $123,000 after acquiring an additional 3,200 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Potbelly by 42.1% during the fourth quarter. Stephens Inc. AR now owns 25,185 shares of the company’s stock worth $141,000 after acquiring an additional 7,462 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Potbelly during the third quarter worth about $188,000. Finally, Citadel Advisors LLC grew its stake in shares of Potbelly by 348.0% during the second quarter. Citadel Advisors LLC now owns 34,053 shares of the company’s stock worth $269,000 after acquiring an additional 47,782 shares during the last quarter. Institutional investors own 52.78% of the company’s stock.

Potbelly Company Profile (Get Rating)

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002.

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