Bessemer Group Inc. cut its stake in shares of Potbelly Corporation (NASDAQ:PBPB) by 53.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,000 shares of the company’s stock after selling 27,100 shares during the quarter. Bessemer Group Inc. owned approximately 0.10% of Potbelly Corporation worth $298,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 97,420 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Potbelly Corporation by 34.8% during the second quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock worth $11,162,000 after buying an additional 250,465 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Potbelly Corporation by 11.8% during the second quarter. Tributary Capital Management LLC now owns 880,947 shares of the company’s stock worth $10,131,000 after buying an additional 92,689 shares in the last quarter. State Street Corp grew its position in shares of Potbelly Corporation by 9.4% during the second 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. Finally, Vivaldi Asset Management LLC acquired a new position in shares of Potbelly Corporation during the second quarter worth about $4,098,000. 73.32% of the stock is owned by institutional investors and hedge funds.
PBPB has been the subject of several recent analyst reports. BidaskClub cut Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Potbelly Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Maxim Group restated a “hold” rating and set a $11.00 target price on shares of Potbelly Corporation in a research note on Friday, October 6th. Piper Jaffray Companies upgraded Potbelly Corporation from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $12.00 to $17.00 in a research note on Thursday, September 28th. Finally, Robert W. Baird restated a “hold” rating and set a $13.00 target price on shares of Potbelly Corporation in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Potbelly Corporation presently has a consensus rating of “Hold” and an average target price of $13.67.
Shares of Potbelly Corporation (PBPB) opened at $12.00 on Monday. Potbelly Corporation has a 52 week low of $10.50 and a 52 week high of $14.55. The firm has a market capitalization of $297.65, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90.
Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Potbelly Corporation 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 business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. analysts expect that Potbelly Corporation will post 0.31 earnings per share for the current fiscal year.
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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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