Osborn Williams & Donohoe LLC Takes $186,000 Position in Potbelly Corporation (PBPB)

Osborn Williams & Donohoe LLC acquired a new stake in Potbelly Corporation (NASDAQ:PBPB) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,000 shares of the company’s stock, valued at approximately $186,000. Osborn Williams & Donohoe LLC owned approximately 0.06% of Potbelly Corporation at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Highland Private Wealth Management acquired a new position in Potbelly Corporation in the 2nd quarter valued at $146,000. The Manufacturers Life Insurance Company raised its holdings in shares of Potbelly Corporation by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock worth $241,000 after buying an additional 354 shares in the last quarter. Engine Capital Management LLC acquired a new position in shares of Potbelly Corporation during the 2nd quarter worth $154,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Potbelly Corporation by 0.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock worth $3,263,000 after buying an additional 1,101 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Potbelly Corporation by 9.4% during the 2nd quarter. State Street Corp now owns 452,794 shares of the company’s stock worth $5,211,000 after buying an additional 39,033 shares in the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Potbelly Corporation (NASDAQ:PBPB) traded up 0.600% during trading on Wednesday, hitting $12.575. The stock had a trading volume of 67,347 shares. Potbelly Corporation has a 52 week low of $10.50 and a 52 week high of $14.55. The stock has a market capitalization of $315.95 million, a P/E ratio of 79.088 and a beta of 0.91. The company has a 50-day moving average of $11.78 and a 200-day moving average of $11.98.

Potbelly Corporation (NASDAQ:PBPB) last issued 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). Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The business had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $109.78 million. During the same quarter last year, the business posted $0.13 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that Potbelly Corporation will post $0.32 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Maxim Group cut Potbelly Corporation from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Friday, July 21st. Zacks Investment Research raised Potbelly Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub cut Potbelly Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Piper Jaffray Companies raised Potbelly Corporation from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Finally, Robert W. Baird reissued a “hold” rating and set a $13.00 price target on shares of Potbelly Corporation in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.67.

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About Potbelly Corporation

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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Institutional Ownership by Quarter for Potbelly Corporation (NASDAQ:PBPB)

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