Potbelly (NASDAQ:PBPB) Given Market Perform Rating at William Blair

William Blair reissued their market perform rating on shares of Potbelly (NASDAQ:PBPB) in a research report report published on Friday,RTT News reports.

Separately, Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Potbelly in a research note on Friday.

Potbelly Stock Performance

NASDAQ:PBPB opened at $9.66 on Friday. Potbelly has a 1 year low of $6.28 and a 1 year high of $13.48. The firm has a 50 day moving average of $11.44 and a 200-day moving average of $9.69. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $289.19 million, a P/E ratio of 7.73 and a beta of 1.50.

Insider Buying and Selling

In related news, major shareholder David Nierenberg acquired 7,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $9.23 per share, for a total transaction of $70,148.00. Following the transaction, the insider now directly owns 101,998 shares of the company’s stock, valued at approximately $941,441.54. This trade represents a 8.05 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Potbelly

A number of institutional investors have recently bought and sold shares of PBPB. Aquatic Capital Management LLC acquired a new stake in Potbelly during the 4th quarter worth $27,000. State of Wyoming grew its holdings in Potbelly by 14.3% during the 4th quarter. State of Wyoming now owns 7,012 shares of the company’s stock worth $66,000 after acquiring an additional 876 shares during the period. FMR LLC grew its holdings in Potbelly by 1,101.9% during the 3rd quarter. FMR LLC now owns 8,678 shares of the company’s stock worth $72,000 after acquiring an additional 7,956 shares during the period. Quarry LP grew its holdings in Potbelly by 662.9% during the 3rd quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after acquiring an additional 9,493 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Potbelly during the 4th quarter worth $98,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

About Potbelly

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.