Potbelly (NASDAQ:PBPB) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Potbelly (NASDAQ:PBPB – Get Rating) in a research note released on Thursday. The firm issued a strong-buy rating on the stock.

Separately, TheStreet upgraded shares of Potbelly from a d+ rating to a c- rating in a research note on Thursday, November 17th.

Potbelly Trading Down 1.9 %

PBPB stock opened at $7.78 on Thursday. The stock has a market cap of $225.00 million, a price-to-earnings ratio of 55.57 and a beta of 1.34. The company has a fifty day moving average price of $7.60 and a two-hundred day moving average price of $6.07. Potbelly has a one year low of $4.31 and a one year high of $8.89. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.44 and a quick ratio of 0.38.

Institutional Investors Weigh In On Potbelly

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CI Private Wealth LLC bought a new position in Potbelly during the fourth quarter worth about $68,000. Jane Street Group LLC bought a new position in shares of Potbelly during the fourth quarter worth approximately $120,000. Raffles Associates LP bought a new position in shares of Potbelly during the fourth quarter worth approximately $334,000. Soviero Asset Management LP raised its position in shares of Potbelly by 5.2% in the fourth quarter. Soviero Asset Management LP now owns 1,420,000 shares of the company’s stock valued at $7,909,000 after buying an additional 70,000 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Potbelly by 110.3% in the fourth quarter. Morgan Stanley now owns 19,692 shares of the company’s stock valued at $110,000 after buying an additional 10,330 shares during the period. Institutional investors and hedge funds own 51.07% of the company’s stock.

Potbelly Company Profile

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Potbelly Corp. engages in the owning and operating of sandwich restaurants. It offers toasty sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.