Martingale Asset Management L P acquired a new position in shares of Potbelly Corp (NASDAQ:PBPB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,200 shares of the company’s stock, valued at approximately $517,000.
A number of other institutional investors also recently added to or reduced their stakes in PBPB. Putnam Investments LLC increased its position in Potbelly by 31.2% in the third quarter. Putnam Investments LLC now owns 177,690 shares of the company’s stock worth $2,186,000 after purchasing an additional 42,220 shares during the period. Vanguard Group Inc increased its position in Potbelly by 6.1% in the third quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock worth $16,119,000 after purchasing an additional 75,769 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Potbelly in the third quarter worth about $213,000. Prudential Financial Inc. acquired a new stake in Potbelly in the third quarter worth about $213,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Potbelly in the third quarter worth about $456,000. Hedge funds and other institutional investors own 70.72% of the company’s stock.
A number of brokerages recently commented on PBPB. Zacks Investment Research lowered Potbelly from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. BidaskClub cut Potbelly from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. Maxim Group restated a “buy” rating and set a $12.00 target price on shares of Potbelly in a report on Monday, January 28th. Finally, Bank of America set a $9.00 target price on Potbelly and gave the stock a “sell” rating in a report on Tuesday, February 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Potbelly currently has an average rating of “Hold” and an average target price of $9.92.
NASDAQ:PBPB opened at $8.54 on Friday. Potbelly Corp has a fifty-two week low of $7.71 and a fifty-two week high of $14.15. The stock has a market cap of $202.86 million, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03.
Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Monday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $102.37 million for the quarter, compared to analysts’ expectations of $103.65 million. Potbelly had a positive return on equity of 6.81% and a negative net margin of 2.10%. Potbelly’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. On average, analysts forecast that Potbelly Corp will post 0.29 earnings per share for the current fiscal year.
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of November 9, 2018, 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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