Economy

Potbelly Corporation (NASDAQ:PBPB) Experiences Heavier than Average Trading Volume

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Days to cover increased 2.0 to 5.0 and the percentage of shorted shares was 0.08% on August 31. The SI to Potbelly Corporation's float is 9.8%. The stock rose 8.04% or $0.93 reaching $12.43. About 248,889 shares traded. Potbelly Corp (NASDAQ:PBPB) has declined 15.62% since September 28, 2016 and is downtrending. Tributary Capital Management, LLC augmented its investment by buying 92,689 shares an increase of 11.8%. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company's stock valued at $3,263,000 after acquiring an additional 1,101 shares during the period. The value of the investment in PBPB went from $1,522,000 to $445,000 a change of $1,077,000 since the last quarter. Netflix Inc Com now has $78.30 billion valuation. The stock increased 0.36% or $0.65 on September 29, reaching $181.35. About 189,221 shares traded. It has outperformed by 36.16% the S&P500.

Since May 8, 2017, it had 1 buying transaction, and 0 insider sales for $99,216 activity. It dropped, as 53 investors sold OMC shares while 237 reduced holdings. 93 funds opened positions while 256 raised stakes. 225.35 million shares or 2.06% more from 220.79 million shares in 2017Q1 were reported. (NASDAQ:NFLX) for 504,065 shares. Guardian Life Of America has 526 shares for 0.01% of their portfolio. Hbk LP owns 280,300 shares. Alphamark Advisors Limited Liability Com has invested 0% in Potbelly Corp (NASDAQ:PBPB). (NASDAQ:NFLX) for 18,657 shares. (NYSE:OMC). 1.27M are held by Legal General Grp Incorporated Public Ltd. Sentry Invests stated it has 0.64% in Omnicom Group Inc. Johnson Fincl Grp Inc holds 4,456 shares. Indexiq Advsrs Ltd Liability invested in 0.02% or 34,069 shares. (NASDAQ:NFLX) for 90,000 shares. The Illinois-based Martin Inv Mngmt Limited Company has invested 3.27% in Omnicom Group Inc. Mark Asset Corp holds 2.18% in Netflix, Inc. Moreover, Meiji Yasuda Asset Ltd has 0.13% invested in Netflix, Inc. (NASDAQ:NFLX) for 8,816 shares. The insider now directly owns 13,775 shares worth $169,433. Therefore 21% are positive. Netflix had 174 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has a market capitalization of $311.55 million, a PE ratio of 77.99 and a beta of 0.90. The firm has "Hold" rating given on Monday, July 17 by Wells Fargo. The firm earned "Overweight" rating on Thursday, September 28 by PiperJaffray. The rating was initiated by Lake Street with "Hold" on Wednesday, September 23. HASTINGS REED sold $16.00 million worth of stock or 101,815 shares.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Potbelly Corporation (NASDAQ:PBPB). Therefore 50% are positive. Potbelly Corp had 11 analyst reports since August 7, 2015 according to SRatingsIntel. Maxim Group maintained the shares of PBPB in report on Wednesday, May 31 with "Buy" rating. Robert W. Baird reissued a "hold" rating and set a $13.00 price objective on shares of Potbelly Corporation in a report on Tuesday, September 19th. The firm has "Hold" rating by Maxim Group given on Friday, September 30. The stock has "Buy" rating by Maxim Group on Monday, November 7. TheStreet downgraded Potbelly Corporation from a "b-" rating to a "c" rating in a report on Monday, June 19th. On July 21 the stock rating was downgraded to "Hold" from "Buy" in a report from Maxim Group. Maxim Group has "Buy" rating and $14 target. As per Friday, August 4, the company rating was maintained by Maxim Group. Maxim Group maintained Potbelly Corp (NASDAQ:PBPB) on Tuesday, November 22 with "Buy" rating.

Potbelly Corp (NASDAQ:PBPB) institutional sentiment decreased to 0.91 in 2017 Q2. Its down 0.88, from 1.79 in 2017Q1. Sold All: 19 Reduced: 36 Increased: 33 New Position: 17. The firm has a 50-day moving average price of $11.36 and a 200-day moving average price of $12.13.



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