Sentiment Report: Potbelly Corp (NASDAQ:PBPB)

November 15, 2017 - By Marie Mckinney

 Sentiment Report: Potbelly Corp (NASDAQ:PBPB)

Sentiment for Potbelly Corp (NASDAQ:PBPB)

Potbelly Corp (NASDAQ:PBPB) institutional sentiment decreased to 0.91 in 2017 Q2. Its down -0.88, from 1.79 in 2017Q1. The ratio fall, as 50 investment managers increased or opened new equity positions, while 55 sold and reduced holdings in Potbelly Corp. The investment managers in our partner’s database now own: 17.47 million shares, down from 17.76 million shares in 2017Q1. Also, the number of investment managers holding Potbelly Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 36 Increased: 33 New Position: 17.

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The company has market cap of $297.74 million. The Firm has domestic and international franchise activities of Potbelly Sandwich Works sandwich shops. It has a 136.87 P/E ratio. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

About 15,679 shares traded. Potbelly Corp (NASDAQ:PBPB) has declined 15.62% since November 15, 2016 and is downtrending. It has underperformed by 32.32% the S&P500.

Analysts await Potbelly Corp (NASDAQ:PBPB) to report earnings on February, 13. They expect $0.07 earnings per share, down 53.33 % or $0.08 from last year’s $0.15 per share. PBPB’s profit will be $1.76 million for 42.32 P/E if the $0.07 EPS becomes a reality. After $0.07 actual earnings per share reported by Potbelly Corp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Addison Clark Management L.L.C. holds 2.07% of its portfolio in Potbelly Corp for 125,000 shares. Tributary Capital Management Llc owns 880,947 shares or 0.89% of their US portfolio. Moreover, Ancora Advisors Llc has 0.81% invested in the company for 1.09 million shares. The New York-based Olstein Capital Management L.P. has invested 0.36% in the stock. Shaker Investments Llc Oh, a Ohio-based fund reported 36,600 shares.#img1#

Potbelly Corp (NASDAQ:PBPB) Ratings Coverage

Ratings analysis reveals 50% of Potbelly Corp’s analysts are positive. Out of 4 Wall Street analysts rating Potbelly Corp, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $13.0 while the high is $16. The stock’s average target of $13.67 is 15.36% above today’s ($11.85) share price. PBPB was included in 11 notes of analysts from August 7, 2015. The rating was upgraded by PiperJaffray to “Overweight” on Thursday, September 28. The rating was maintained by Maxim Group on Wednesday, May 31 with “Buy”. The stock of Potbelly Corp (NASDAQ:PBPB) has “Hold” rating given on Friday, July 21 by Maxim Group. The stock of Potbelly Corp (NASDAQ:PBPB) has “Hold” rating given on Sunday, September 17 by Robert W. Baird. The company was initiated on Friday, September 30 by Maxim Group. The rating was maintained by Maxim Group with “Buy” on Tuesday, November 22. The stock has “Buy” rating by Zacks on Friday, August 7. The company was initiated on Monday, November 16 by Sidoti. Maxim Group maintained the shares of PBPB in report on Friday, August 4 with “Hold” rating. The firm has “Buy” rating given on Monday, November 7 by Maxim Group.

More recent Potbelly Corp (NASDAQ:PBPB) news were published by: Globenewswire.com which released: “Potbelly Corporation Reports Results for Third Fiscal Quarter 2017” on November 03, 2017. Also Seekingalpha.com published the news titled: “Potbelly Corp’s (PBPB) CEO Michael Coyne on Q3 2017 Results – Earnings Call …” on November 03, 2017. Nasdaq.com‘s news article titled: “Earnings Reaction History: Potbelly Corporation, 37.5% Follow-Through …” with publication date: November 03, 2017 was also an interesting one.

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