Stephens Investment Management Group LLC boosted its stake in shares of Potbelly Corporation (NASDAQ:PBPB) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778,452 shares of the company’s stock after acquiring an additional 116,582 shares during the quarter. Stephens Investment Management Group LLC owned 3.14% of Potbelly worth $9,653,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Highland Private Wealth Management bought a new position in Potbelly in the second quarter valued at about $146,000. HighTower Advisors LLC bought a new position in Potbelly during the first quarter worth about $150,000. Engine Capital Management LLC bought a new position in Potbelly during the second quarter worth about $154,000. Voya Investment Management LLC boosted its holdings in Potbelly by 19.6% during the second quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after buying an additional 2,382 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC bought a new position in Potbelly during the third quarter worth about $186,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Shares of Potbelly Corporation (NASDAQ PBPB) traded up $0.20 during midday trading on Thursday, reaching $12.85. The company’s stock had a trading volume of 235,753 shares, compared to its average volume of 274,878. The firm has a market cap of $317.84, a PE ratio of 34.21, a PEG ratio of 2.17 and a beta of 0.93. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55.
Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The company had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $107.75 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Potbelly’s revenue was up 2.2% on a year-over-year basis. equities analysts anticipate that Potbelly Corporation will post 0.3 earnings per share for the current year.
A number of equities research analysts have recently commented on PBPB shares. Maxim Group reaffirmed a “hold” rating and set a $13.00 price target (up previously from $12.00) on shares of Potbelly in a research report on Monday. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Potbelly in a research report on Tuesday, September 19th. Zacks Investment Research raised Potbelly from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Piper Jaffray Companies upgraded Potbelly from a “neutral” rating to an “overweight” rating and raised their price target for the company from $12.00 to $17.00 in a research note on Thursday, September 28th. Finally, BidaskClub upgraded Potbelly from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.33.
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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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