Potbelly (NASDAQ:PBPB) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Potbelly (NASDAQ:PBPB – Get Rating) in a research report issued on Thursday. The brokerage set a “buy” rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Potbelly from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. William Blair restated a “market perform” rating on shares of Potbelly in a report on Thursday, March 3rd. Finally, TheStreet upgraded Potbelly from a “d” rating to a “c-” rating in a research report on Thursday, March 24th.

NASDAQ PBPB opened at $6.35 on Thursday. Potbelly has a fifty-two week low of $4.83 and a fifty-two week high of $9.07. The stock’s 50-day moving average is $6.29 and its two-hundred day moving average is $5.87. The firm has a market cap of $183.13 million, a P/E ratio of -7.13 and a beta of 1.37.

Potbelly (NASDAQ:PBPB – Get Rating) last posted its earnings results on Wednesday, March 2nd. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Potbelly had a negative return on equity of 938.53% and a negative net margin of 6.26%. The company had revenue of $102.80 million for the quarter, compared to analyst estimates of $98.10 million. During the same period last year, the company earned ($0.57) earnings per share. On average, analysts forecast that Potbelly will post -0.33 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Nierenberg Investment Management Company Inc. raised its holdings in shares of Potbelly by 6.8% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 1,541,027 shares of the company’s stock worth $10,448,000 after buying an additional 97,941 shares in the last quarter. Boston Partners grew its holdings in shares of Potbelly by 13.9% in the 4th quarter. Boston Partners now owns 55,973 shares of the company’s stock worth $312,000 after purchasing an additional 6,816 shares during the last quarter. Barclays PLC grew its holdings in shares of Potbelly by 316.0% in the 3rd quarter. Barclays PLC now owns 4,484 shares of the company’s stock worth $30,000 after purchasing an additional 3,406 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Potbelly in the 3rd quarter worth about $188,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Potbelly by 3.5% in the 4th quarter. Russell Investments Group Ltd. now owns 204,128 shares of the company’s stock worth $1,138,000 after acquiring an additional 6,816 shares in the last quarter. 52.78% of the stock is owned by institutional investors and hedge funds.

About Potbelly (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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