Potbelly (NASDAQ:PBPB) Stock Crosses Below 50 Day Moving Average of $4.39

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Shares of Potbelly Corp (NASDAQ:PBPB) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.39 and traded as low as $4.72. Potbelly shares last traded at $4.77, with a volume of 20,111 shares traded.

Several equities research analysts have recently weighed in on PBPB shares. Maxim Group set a $4.00 price objective on Potbelly and gave the company a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Potbelly from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, ValuEngine raised shares of Potbelly from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and an average target price of $7.58.

The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 2.89. The stock’s 50-day moving average price is $4.39 and its 200 day moving average price is $6.27. The firm has a market cap of $118.13 million, a price-to-earnings ratio of 17.14 and a beta of 1.22.

Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm had revenue of $105.60 million for the quarter, compared to analyst estimates of $106.01 million. Potbelly had a positive return on equity of 0.10% and a negative net margin of 6.45%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. On average, research analysts predict that Potbelly Corp will post -0.12 EPS for the current year.

Several large investors have recently made changes to their positions in PBPB. Quantamental Technologies LLC acquired a new position in shares of Potbelly in the first quarter valued at $26,000. BNP Paribas Arbitrage SA raised its stake in shares of Potbelly by 20,439.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,724 shares of the company’s stock valued at $40,000 after buying an additional 4,701 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Potbelly in the 2nd quarter valued at $66,000. Walleye Trading LLC acquired a new position in shares of Potbelly in the 2nd quarter valued at $67,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Potbelly during the 2nd quarter worth about $86,000. 60.94% of the stock is currently owned by institutional investors.

About Potbelly (NASDAQ:PBPB)

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.

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