Potbelly (NASDAQ:PBPB) Rating Increased to Hold at Wall Street Zen

Potbelly (NASDAQ:PBPB - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a report released on Saturday.Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Potbelly in a research note on Wednesday, October 8th. Benchmark downgraded shares of Potbelly from a "buy" rating to a "hold" rating and set a $18.00 target price on the stock. in a research note on Friday, September 12th. Lake Street Capital downgraded shares of Potbelly from a "buy" rating to a "hold" rating and raised their target price for the company from $15.00 to $17.12 in a research note on Thursday, September 11th. Finally, Craig Hallum downgraded shares of Potbelly from a "strong-buy" rating to a "hold" rating and set a $17.12 target price on the stock. in a research note on Wednesday, September 10th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.41.View Our Latest Analysis on PotbellyPotbelly Stock Up 0.1%NASDAQ:PBPB opened at $17.12 on Friday. The company has a market cap of $518.05 million, a P/E ratio of 48.92 and a beta of 1.52. Potbelly has a fifty-two week low of $7.27 and a fifty-two week high of $17.13. The firm's 50 day moving average is $15.57 and its two-hundred day moving average is $12.42. Potbelly (NASDAQ:PBPB - Get Free Report) last posted its quarterly earnings results on Monday, January 9th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $101.69 million for the quarter. Potbelly had a return on equity of 16.31% and a net margin of 2.30%. Potbelly has set its Q4 2022 guidance at EPS. Research analysts forecast that Potbelly will post 0.24 earnings per share for the current fiscal year. Institutional Investors Weigh In On PotbellyA number of large investors have recently added to or reduced their stakes in PBPB. State of Alaska Department of Revenue acquired a new stake in Potbelly during the 3rd quarter valued at $27,000. New York State Teachers Retirement System acquired a new stake in Potbelly during the 2nd quarter valued at $31,000. BNP Paribas Financial Markets grew its holdings in Potbelly by 53.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,532 shares of the company's stock valued at $31,000 after purchasing an additional 881 shares in the last quarter. AlphaQuest LLC acquired a new stake in Potbelly during the 1st quarter valued at $57,000. Finally, CWM LLC grew its holdings in Potbelly by 224.4% during the 3rd quarter. CWM LLC now owns 4,130 shares of the company's stock valued at $70,000 after purchasing an additional 2,857 shares in the last quarter. 72.60% of the stock is owned by institutional investors and hedge funds. About Potbelly (Get Free Report)Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.Recommended StoriesFive stocks we like better than PotbellyHow Investors Can Find the Best Cheap Dividend StocksRayonier-PotlatchDeltic Merger Signals Industry UpsideWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Hims & Hers Short Interest Nears All-Time High, Buy The Dip?What is a Microcap Stock? Everything You Need to Know This Defense Stock Has a $57B Backlog and New AI TailwindsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Potbelly Right Now?Before you consider Potbelly, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Potbelly wasn't on the list.While Potbelly currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here