Potbelly (NASDAQ:PBPB) Stock Rating Upgraded by Wall Street Zen

Potbelly (NASDAQ:PBPB) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. Benchmark downgraded Potbelly from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a report on Friday, September 12th. Lake Street Capital downgraded Potbelly from a “buy” rating to a “hold” rating and boosted their price objective for the company from $15.00 to $17.12 in a report on Thursday, September 11th. Craig Hallum downgraded Potbelly from a “strong-buy” rating to a “hold” rating and set a $17.12 price objective for the company. in a report on Wednesday, September 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Potbelly in a report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.41.

Potbelly Stock Performance

Shares of PBPB stock opened at $17.12 on Friday. The company has a market cap of $518.05 million, a P/E ratio of 48.92 and a beta of 1.52. The stock has a 50 day simple moving average of $15.57 and a two-hundred day simple moving average of $12.48. Potbelly has a fifty-two week low of $7.27 and a fifty-two week high of $17.13.

Potbelly (NASDAQ:PBPB) last issued its earnings results on Monday, January 9th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $101.69 million during the quarter. Potbelly had a return on equity of 16.31% and a net margin of 2.30%. Potbelly has set its Q4 2022 guidance at EPS. On average, research analysts predict that Potbelly will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On Potbelly

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in Potbelly by 53.4% during the second quarter. BNP Paribas Financial Markets now owns 2,532 shares of the company’s stock worth $31,000 after buying an additional 881 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Potbelly by 1.2% during the second quarter. Tectonic Advisors LLC now owns 89,004 shares of the company’s stock worth $1,090,000 after buying an additional 1,039 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Potbelly during the third quarter worth $27,000. Bank of New York Mellon Corp grew its holdings in Potbelly by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 66,000 shares of the company’s stock worth $628,000 after buying an additional 1,662 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Potbelly by 5.7% during the first quarter. Rhumbline Advisers now owns 38,872 shares of the company’s stock worth $370,000 after buying an additional 2,108 shares in the last quarter. Institutional investors own 72.60% of the company’s stock.

Potbelly Company Profile

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.