Will Today’s Maxim Group Downgrade Ultimately Hurt The Stock Price of Potbelly (NASDAQ:PBPB)?

Potbelly Corporation (NASDAQ:PBPB) Logo

Investors sentiment decreased to 1.42 in Q4 2018. Its down 0.06, from 1.48 in 2018Q3. It is 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.

Blair William & Co Il has invested 0.01% in Potbelly Corporation (NASDAQ:PBPB). Vanguard Grp invested 0% in Potbelly Corporation (NASDAQ:PBPB). Dimensional Fund Lp has 0.01% invested in Potbelly Corporation (NASDAQ:PBPB). Goldman Sachs Grp Inc invested in 0% or 53,359 shares. Menta Cap Ltd Liability Co holds 0.09% of its portfolio in Potbelly Corporation (NASDAQ:PBPB) for 30,467 shares. Citadel Ltd Liability Co has 0% invested in Potbelly Corporation (NASDAQ:PBPB). 19,829 were reported by Marshall Wace Llp. Bridgeway, Texas-based fund reported 109,000 shares. Atria Invs Limited Liability Company has 0.01% invested in Potbelly Corporation (NASDAQ:PBPB) for 14,112 shares. Putnam Invests Ltd Liability Com accumulated 42,321 shares. Invesco Limited accumulated 44,990 shares. Bankshares Of Ny Mellon Corp reported 0% of its portfolio in Potbelly Corporation (NASDAQ:PBPB). Panagora Asset stated it has 1,649 shares or 0% of all its holdings. Tudor Et Al reported 51,612 shares. Comml Bank Of Montreal Can accumulated 6,977 shares.

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

Potbelly (NASDAQ:PBPB) Receives a Downgrade

It will be interesting to watch the trading activity for Potbelly (NASDAQ:PBPB) today as Maxim Group downgraded the shares of the stock from a Buy rating to a Hold. In addition to this downgrade, analysts at Maxim Group set a $8 target price which is a change of 14.29 %.

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. The stock of Potbelly Corporation (NASDAQ:PBPB) has “Buy” rating given on Tuesday, February 26 by Maxim Group. Bank of America maintained Potbelly Corporation (NASDAQ:PBPB) rating on Tuesday, February 26. Bank of America has “Sell” rating and $9 target.

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: Globenewswire.com which released: “Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Fiscal Year 2017 – GlobeNewswire” on February 23, 2018, also Globenewswire.com with their article: “Potbelly Appoints Alan Johnson as President and Chief Executive Officer – GlobeNewswire” published on December 01, 2017, Seekingalpha.com published: “Potbelly Is Turning But Still Expensive – Seeking Alpha” on October 24, 2018. More interesting news about Potbelly Corporation (NASDAQ:PBPB) were released by: Zacks.com and their article: “Potbelly (PBPB) Earnings Expected to Grow: Should You Buy? – Zacks.com” published on November 02, 2018 as well as Nasdaq.com‘s news article titled: “Macy’s, Nordstrom, Shake Shack, Potbelly and Red Robin Gourmet are part of Zacks Earnings Preview – Nasdaq” with publication date: February 25, 2019.

Potbelly Corporation (NASDAQ:PBPB) Institutional Positions Chart

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