Potbelly (NASDAQ:PBPB) Receives a Lower Rating From Maxim Group. Will Other Analysts Follow Suit?

Potbelly Corporation (NASDAQ:PBPB) Logo

Investors sentiment decreased to 1.42 in 2018 Q4. Its down 0.06, from 1.48 in 2018Q3. It turned negative, as 14 investors sold Potbelly Corporation shares while 22 reduced holdings. 17 funds opened positions while 34 raised stakes. 16.06 million shares or 6.52% less from 17.18 million shares in 2018Q3 were reported.

Marshall Wace Llp owns 19,829 shares for 0% of their portfolio. Advisory Services Ltd Llc invested in 0% or 2,453 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 3,445 shares. Equitec Specialists Ltd invested in 23,343 shares or 0.05% of the stock. Morgan Stanley has invested 0% of its portfolio in Potbelly Corporation (NASDAQ:PBPB). Deltec Asset Management Ltd Llc has 12,500 shares for 0.03% of their portfolio. Legal & General Pcl owns 3,559 shares for 0% of their portfolio. Moreover, Spark Invest Management Ltd Limited Liability Company has 0.14% invested in Potbelly Corporation (NASDAQ:PBPB) for 249,800 shares. Engineers Gate Manager Lp invested 0.03% in Potbelly Corporation (NASDAQ:PBPB). Cubist Systematic Strategies Ltd stated it has 0.01% in Potbelly Corporation (NASDAQ:PBPB). Prelude Mgmt invested in 18,762 shares. Connor Clark And Lunn Investment Management holds 0% of its portfolio in Potbelly Corporation (NASDAQ:PBPB) for 88,250 shares. Menta Capital Ltd Liability Corp holds 0.09% or 30,467 shares in its portfolio. Boston Partners accumulated 0% or 58,500 shares. Blackrock Incorporated holds 1.70M shares.

Since December 28, 2018, it had 0 insider purchases, and 2 selling transactions for $163,000 activity.

Potbelly (NASDAQ:PBPB) Receives a Downgrade

Potbelly (NASDAQ:PBPB) was just cut by Maxim Group from the old Buy rating to a Hold in an analyst report shared with investors and clients on Wednesday morning. Maxim Group now has a $8 PT on the shares. Maxim Group’s PT would suggest a potential upside of 14.29 % from the stock‚Äôs close price.

Potbelly Corporation (NASDAQ:PBPB) Ratings Coverage

Among 2 analysts covering Potbelly Corp (NASDAQ:PBPB), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Potbelly Corp has $11 highest and $9 lowest target. $10’s average target is 42.86% above currents $7 stock price. Potbelly Corp had 5 analyst reports since February 26, 2019 according to SRatingsIntel. Maxim Group maintained Potbelly Corporation (NASDAQ:PBPB) on Tuesday, February 26 with “Buy” rating. The stock of Potbelly Corporation (NASDAQ:PBPB) has “Sell” rating given on Tuesday, February 26 by Bank of America.

The stock decreased 18.89% or $1.63 during the last trading session, reaching $7. About 2.10M shares traded or 964.01% up from the average. Potbelly Corporation (NASDAQ:PBPB) has declined 32.33% since May 8, 2018 and is downtrending. It has underperformed by 36.70% the S&P500.

Potbelly Corporation, through its subsidiaries, owns and operates Potbelly Sandwich Works sandwich shops in the United States. The company has market cap of $168.70 million. It also sells and administers franchises of Potbelly Sandwich Works sandwich shops. It currently has negative earnings. As of November 3, 2017, the firm operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, in the Middle East, the United Kingdom, and Canada.

More notable recent Potbelly Corporation (NASDAQ:PBPB) news were published by: Seekingalpha.com which released: “Potbelly Corporation: Great Buy For Long-Term Growth – Seeking Alpha” on November 12, 2015, also Nasdaq.com with their article: “Macy’s, Nordstrom, Shake Shack, Potbelly and Red Robin Gourmet are part of Zacks Earnings Preview – Nasdaq” published on February 25, 2019, Globenewswire.com published: “Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Fiscal Year 2017 – GlobeNewswire” on February 23, 2018. More interesting news about Potbelly Corporation (NASDAQ:PBPB) were released by: Seekingalpha.com and their article: “Potbelly names new CFO – Seeking Alpha” published on December 03, 2018 as well as Nasdaq.com‘s news article titled: “High Costs & Weak Comps to Mar Papa John’s (PZZA) Q1 Earnings – Nasdaq” with publication date: May 06, 2019.

Potbelly Corporation (NASDAQ:PBPB) Institutional Positions Chart

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