Potbelly (NASDAQ:PBPB) Receives “Market Perform” Rating from William Blair

Potbelly (NASDAQ:PBPB)‘s stock had its “market perform” rating reaffirmed by William Blair in a research note issued to investors on Thursday,RTT News reports.

Several other research analysts have also weighed in on PBPB. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a research report on Friday, March 7th. StockNews.com upgraded shares of Potbelly from a “hold” rating to a “buy” rating in a report on Tuesday.

Potbelly Trading Up 0.8 %

Shares of PBPB traded up $0.07 during trading hours on Thursday, hitting $9.32. 33,242 shares of the stock were exchanged, compared to its average volume of 208,813. Potbelly has a fifty-two week low of $6.28 and a fifty-two week high of $13.48. The business has a 50-day moving average of $11.46 and a 200-day moving average of $9.77. The firm has a market capitalization of $278.48 million, a P/E ratio of 7.46 and a beta of 1.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43.

Insider Activity at Potbelly

In other Potbelly news, major shareholder David Nierenberg acquired 7,600 shares of the stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $9.23 per share, for a total transaction of $70,148.00. Following the completion of the acquisition, the insider now owns 101,998 shares in the company, valued at approximately $941,441.54. This represents a 8.05 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Potbelly

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC acquired a new position in Potbelly during the 4th quarter valued at about $27,000. State of Wyoming lifted its holdings in shares of Potbelly by 14.3% in the fourth quarter. State of Wyoming now owns 7,012 shares of the company’s stock valued at $66,000 after purchasing an additional 876 shares in the last quarter. FMR LLC boosted its position in shares of Potbelly by 1,101.9% during the third quarter. FMR LLC now owns 8,678 shares of the company’s stock valued at $72,000 after buying an additional 7,956 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Potbelly during the fourth quarter worth $98,000. Finally, Quarry LP raised its position in Potbelly by 662.9% in the 3rd quarter. Quarry LP now owns 10,925 shares of the company’s stock valued at $91,000 after buying an additional 9,493 shares during the last quarter. 72.60% of the stock is owned by institutional investors.

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.