Jane Street Group LLC increased its stake in Potbelly Corp (NASDAQ:PBPB) by 32.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,789 shares of the company’s stock after purchasing an additional 3,634 shares during the period. Jane Street Group LLC owned 0.06% of Potbelly worth $119,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Potbelly during the 4th quarter valued at $929,000. Vanguard Group Inc raised its position in shares of Potbelly by 6.1% during the 3rd quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock valued at $16,119,000 after acquiring an additional 75,769 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Potbelly by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,310,489 shares of the company’s stock valued at $16,119,000 after acquiring an additional 75,769 shares during the last quarter. Summit Global Investments bought a new stake in shares of Potbelly during the 4th quarter valued at $568,000. Finally, Martingale Asset Management L P bought a new stake in shares of Potbelly during the 4th quarter valued at $517,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.
Several brokerages have commented on PBPB. Zacks Investment Research cut shares of Potbelly from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Maxim Group reiterated a “buy” rating and set a $11.00 target price (down previously from $12.00) on shares of Potbelly in a research report on Tuesday, February 26th. ValuEngine cut shares of Potbelly from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Bank of America set a $9.00 target price on shares of Potbelly and gave the company a “sell” rating in a research report on Tuesday, February 26th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.92.
Shares of PBPB stock opened at $8.92 on Friday. Potbelly Corp has a 12-month low of $7.71 and a 12-month high of $14.15. The firm has a market capitalization of $214.98 million, a PE ratio of 30.76, a PEG ratio of 1.93 and a beta of 1.03.
Potbelly (NASDAQ:PBPB) last announced its quarterly earnings results on Monday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Potbelly had a negative net margin of 2.10% and a positive return on equity of 6.81%. The company had revenue of $102.37 million during the quarter, compared to analyst estimates of $103.65 million. During the same quarter in the previous year, the business earned $0.08 EPS. The firm’s revenue was down 8.7% on a year-over-year basis. Sell-side analysts expect that Potbelly Corp will post 0.27 earnings per share for the current fiscal year.
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Potbelly Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.
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