Marcus Capital LLC decreased its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 25.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,850 shares of the company’s stock after selling 20,900 shares during the quarter. Marcus Capital LLC owned approximately 0.25% of Potbelly Corporation worth $711,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PBPB. Vivaldi Asset Management LLC acquired a new position in Potbelly Corporation during the second quarter worth $4,098,000. Vivaldi Capital Management LLC acquired a new position in Potbelly Corporation during the first quarter worth $3,285,682,000. Dimensional Fund Advisors LP boosted its holdings in Potbelly Corporation by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 720,117 shares of the company’s stock worth $10,010,000 after purchasing an additional 180,515 shares during the last quarter. Tributary Capital Management LLC boosted its holdings in Potbelly Corporation by 24.5% during the first quarter. Tributary Capital Management LLC now owns 788,258 shares of the company’s stock worth $10,957,000 after purchasing an additional 155,095 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Potbelly Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock worth $27,879,000 after purchasing an additional 97,420 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.
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Potbelly Corporation (PBPB) traded down 3.08% during mid-day trading on Friday, reaching $11.00. 528,391 shares of the company’s stock traded hands. Potbelly Corporation has a 12 month low of $10.50 and a 12 month high of $14.55. The company has a 50 day moving average price of $11.46 and a 200-day moving average price of $12.24. The stock has a market cap of $276.38 million, a P/E ratio of 69.18 and a beta of 0.90.
Potbelly Corporation (NASDAQ:PBPB) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $109.78 million. Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. Potbelly Corporation’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts anticipate that Potbelly Corporation will post $0.32 EPS for the current year.
Several research analysts recently commented on PBPB shares. BidaskClub cut shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Maxim Group upgraded shares of Potbelly Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, May 31st. Zacks Investment Research raised shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, TheStreet lowered shares of Potbelly Corporation from a “b-” rating to a “c” rating in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.50.
Potbelly Corporation 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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