Potbelly (NASDAQ:PBPB) Downgrade

Stock analysts at Maxim Group’s equity division cut Potbelly (NASDAQ:PBPB)’s stock from “Buy” to “Hold” on 3 May. The analysts at Maxim Group have a target price per share of $13.0 on PBPB or -6.14 % more downside.

This stock rating downgrade is noticed by stock traders, as NASDAQ:PBPB is at the moment trading 0.00% lower at $13.85 as of 12:01 AM New York time. Potbelly shares have [From2] 0% over the past 200 days, while the Standard & Poor’s 500 index has added 10.61% over the same time.

Institutional Ownership

William Harris Investors Inc had the largest stake with ownership of 683,898 shares as of Q2 2015 for 2.3% of the portfolio. Zuckerman Investment Group Llc is another quite bullish fund who is owning 655,933 shares of Potbelly or 2.16% of their portfolio. Also, Blue Clay Capital Management Llc have 1.8% of their portfolio invested in the company for 108,613 shares. The Colorado-based fund Tributary Capital Management Llc disclosed it had bought a stake worth about 0.89% of the fund’s stock portfolio in Potbelly. The New York-based fund Olstein Capital Management L.P. is also positive about the stock, possessing 551,295 shares or 0.61% of their portfolio.

Potbelly (NASDAQ:PBPB) Profile

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

Potbelly (NASDAQ:PBPB) closed at $13.85 yesterday. A total of 500 shares of the company’s stock traded hands. This is down from average of 162,287 shares. Potbelly has a 52 week low of $11.58 and a 52 week high of $14.55. The company has a market cap of $340.98M and a P/E ratio of 46.37.

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The post Potbelly (NASDAQ:PBPB) Rating Lowered to “Hold” at Maxim Group from “Buy”. The Company Has $13.0 TP appeared first on Octafinance.