Potbelly Corp (NASDAQ:PBPB) saw unusually large options trading activity on Tuesday. Traders purchased 1,032 put options on the stock. This represents an increase of approximately 627% compared to the average volume of 142 put options.
Shares of Potbelly (PBPB) opened at $11.90 on Wednesday. Potbelly has a 12-month low of $10.50 and a 12-month high of $14.28. The firm has a market cap of $301.37, a PE ratio of 31.97, a PEG ratio of 1.70 and a beta of 0.87.
PBPB has been the topic of several research reports. BidaskClub downgraded shares of Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Maxim Group reiterated a “hold” rating and set a $13.00 target price (up from $12.00) on shares of Potbelly in a research report on Monday, December 4th. Finally, Zacks Investment Research lowered shares of Potbelly from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.25.
Potbelly Company Profile
Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.
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