Prudential Financial Inc. bought a new stake in Potbelly Corporation (NASDAQ:PBPB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,200 shares of the company’s stock, valued at approximately $683,000. Prudential Financial Inc. owned approximately 0.20% of Potbelly Corporation as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Potbelly Corporation during the fourth quarter valued at about $146,000. Dubuque Bank & Trust Co. purchased a new stake in Potbelly Corporation during the first quarter valued at approximately $168,000. Karp Capital Management Corp purchased a new stake in Potbelly Corporation during the first quarter valued at approximately $191,000. Envestnet Asset Management Inc. boosted its stake in Potbelly Corporation by 18.8% in the first quarter. Envestnet Asset Management Inc. now owns 20,506 shares of the company’s stock valued at $285,000 after buying an additional 3,244 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in Potbelly Corporation by 1.6% in the first quarter. Trexquant Investment LP now owns 20,784 shares of the company’s stock valued at $289,000 after buying an additional 333 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.
Potbelly Corporation (PBPB) traded up 1.34% during mid-day trading on Friday, hitting $11.35. The stock had a trading volume of 360,260 shares. Potbelly Corporation has a 52 week low of $10.50 and a 52 week high of $14.55. The company’s 50 day moving average is $11.71 and its 200-day moving average is $12.37. The stock has a market capitalization of $285.17 million, a P/E ratio of 71.38 and a beta of 0.91.
Potbelly Corporation (NASDAQ:PBPB) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $108.10 million for the quarter, compared to the consensus estimate of $109.78 million. Potbelly Corporation had a net margin of 1.03% and a return on equity of 8.68%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. On average, analysts expect that Potbelly Corporation will post $0.32 EPS for the current fiscal year.
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A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Maxim Group decreased their price objective on Potbelly Corporation from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, August 4th. Zacks Investment Research raised Potbelly Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet lowered Potbelly Corporation from a “b-” rating to a “c” rating in a report on Monday, June 19th. Finally, William Blair lowered Potbelly Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.50.
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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