Potbelly Corporation (NASDAQ:PBPB - Get Free Report) shares saw strong trading volume on Thursday . 583,487 shares were traded during mid-day trading, an increase of 61% from the previous session's volume of 363,426 shares.The stock last traded at $17.02 and had previously closed at $16.98.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Lake Street Capital cut Potbelly from a "buy" rating to a "hold" rating and upped their target price for the stock from $15.00 to $17.12 in a report on Thursday, September 11th. Benchmark cut Potbelly from a "buy" rating to a "hold" rating and set a $18.00 price target for the company. in a research note on Friday. Finally, Craig Hallum cut Potbelly from a "strong-buy" rating to a "hold" rating and set a $17.12 price target for the company. in a research note on Wednesday, September 10th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.41.
View Our Latest Report on PBPB
Potbelly Trading Down 0.1%
The firm has a 50-day moving average of $12.86 and a 200 day moving average of $10.98. The company has a market cap of $514.42 million, a P/E ratio of 48.57 and a beta of 1.50.
Potbelly (NASDAQ:PBPB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Potbelly had a return on equity of 16.31% and a net margin of 2.30%.The company had revenue of $123.71 million for the quarter, compared to analyst estimates of $122.65 million. On average, equities analysts predict that Potbelly Corporation will post 0.24 EPS for the current year.
Institutional Investors Weigh In On Potbelly
Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new position in Potbelly in the second quarter worth approximately $31,000. BNP Paribas Financial Markets boosted its holdings in Potbelly by 53.4% in the second quarter. BNP Paribas Financial Markets now owns 2,532 shares of the company's stock worth $31,000 after acquiring an additional 881 shares in the last quarter. AlphaQuest LLC bought a new position in Potbelly in the first quarter worth approximately $57,000. State of Wyoming boosted its holdings in Potbelly by 14.3% in the fourth quarter. State of Wyoming now owns 7,012 shares of the company's stock worth $66,000 after acquiring an additional 876 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in Potbelly in the fourth quarter worth approximately $98,000. Institutional investors own 72.60% of the company's stock.
About Potbelly
(
Get Free Report)
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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