Other equities research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Potbelly from a “d” rating to a “c-” rating in a research note on Thursday, March 24th. Zacks Investment Research upgraded shares of Potbelly from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Thursday. Finally, William Blair restated a “market perform” rating on shares of Potbelly in a research note on Thursday, March 3rd.
Shares of PBPB stock opened at $5.41 on Friday. Potbelly has a 12 month low of $4.83 and a 12 month high of $9.07. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $5.86. The company has a market cap of $156.12 million, a PE ratio of -8.87 and a beta of 1.37.
Several hedge funds and other institutional investors have recently modified their holdings of PBPB. Barclays PLC lifted its holdings in shares of Potbelly by 316.0% during the third quarter. Barclays PLC now owns 4,484 shares of the company’s stock valued at $30,000 after acquiring an additional 3,406 shares during the period. Stephens Inc. AR raised its holdings in shares of Potbelly by 42.1% in the fourth quarter. Stephens Inc. AR now owns 25,185 shares of the company’s stock valued at $141,000 after buying an additional 7,462 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Potbelly in the third quarter valued at about $188,000. Citadel Advisors LLC raised its holdings in shares of Potbelly by 348.0% in the second quarter. Citadel Advisors LLC now owns 34,053 shares of the company’s stock valued at $269,000 after buying an additional 47,782 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Potbelly by 13.9% in the fourth quarter. Boston Partners now owns 55,973 shares of the company’s stock valued at $312,000 after buying an additional 6,816 shares during the last quarter. 52.78% of the stock is owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on Potbelly (PBPB)
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