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

Stock analysts at StockNews.com assumed coverage on shares of Potbelly (NASDAQ:PBPB – Get Rating) in a research note issued to investors on Sunday. The firm set a “buy” rating on the stock.

Separately, TheStreet downgraded Potbelly from a “c-” rating to a “d+” rating in a research report on Tuesday, May 24th.

Potbelly Trading Up 2.6 %

Shares of PBPB opened at $5.47 on Friday. Potbelly has a 12 month low of $4.83 and a 12 month high of $7.80. The stock has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.76. The firm has a market cap of $157.86 million, a PE ratio of -8.97 and a beta of 1.29.

Potbelly (NASDAQ:PBPB – Get Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.07. The firm had revenue of $98.22 million for the quarter, compared to the consensus estimate of $97.70 million. Potbelly had a negative return on equity of 938.53% and a negative net margin of 4.30%. During the same period in the prior year, the firm earned ($0.33) EPS. As a group, research analysts forecast that Potbelly will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Potbelly

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of Potbelly by 21.1% during the 1st quarter. Sei Investments Co. now owns 18,400 shares of the company’s stock valued at $123,000 after acquiring an additional 3,200 shares during the period. Stephens Inc. AR grew its position in shares of Potbelly by 42.1% during the 4th quarter. Stephens Inc. AR now owns 25,185 shares of the company’s stock valued at $141,000 after acquiring an additional 7,462 shares during the period. Boston Partners grew its position in shares of Potbelly by 13.9% during the 4th quarter. Boston Partners now owns 55,973 shares of the company’s stock valued at $312,000 after acquiring an additional 6,816 shares during the period. First Eagle Investment Management LLC grew its position in shares of Potbelly by 134.8% during the 4th quarter. First Eagle Investment Management LLC now owns 95,110 shares of the company’s stock valued at $531,000 after acquiring an additional 54,610 shares during the period. Finally, State Street Corp grew its position in shares of Potbelly by 5.0% during the 1st quarter. State Street Corp now owns 102,728 shares of the company’s stock valued at $688,000 after acquiring an additional 4,852 shares during the period. 52.78% of the stock is owned by institutional investors and hedge funds.

Potbelly Company Profile

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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.