State Street Corp Has $5.21 Million Stake in Potbelly Corporation (PBPB)

State Street Corp lifted its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 452,794 shares of the company’s stock after buying an additional 39,033 shares during the period. State Street Corp owned approximately 1.80% of Potbelly worth $5,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voya Investment Management LLC boosted its position in shares of Potbelly by 19.6% during the second quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after buying an additional 2,382 shares during the period. Stephens Inc. AR boosted its position in shares of Potbelly by 32.0% during the second quarter. Stephens Inc. AR now owns 22,700 shares of the company’s stock worth $261,000 after buying an additional 5,500 shares during the period. Rhumbline Advisers boosted its position in shares of Potbelly by 5.8% during the second quarter. Rhumbline Advisers now owns 26,741 shares of the company’s stock worth $308,000 after buying an additional 1,470 shares during the period. IndexIQ Advisors LLC acquired a new stake in Potbelly in the second quarter worth approximately $392,000. Finally, Alps Advisors Inc. lifted its position in Potbelly by 0.3% in the second quarter. Alps Advisors Inc. now owns 37,265 shares of the company’s stock worth $429,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

A number of equities research analysts have weighed in on the company. Maxim Group upped their target price on Potbelly from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday. Robert W. Baird restated a “hold” rating and issued a $13.00 target price on shares of Potbelly in a research report on Friday, October 20th. Zacks Investment Research downgraded Potbelly from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Piper Jaffray Companies upgraded Potbelly from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, BidaskClub upgraded Potbelly from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Potbelly presently has a consensus rating of “Hold” and an average price target of $14.33.

Shares of Potbelly Corporation (PBPB) opened at $13.30 on Tuesday. The firm has a market capitalization of $312.53, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.05 and a beta of 0.93. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55.

Potbelly (NASDAQ:PBPB) last released its earnings results on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. research analysts forecast that Potbelly Corporation will post 0.31 EPS for the current fiscal year.

WARNING: “State Street Corp Has $5.21 Million Stake in Potbelly Corporation (PBPB)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/05/state-street-corp-has-5-21-million-stake-in-potbelly-corporation-pbpb.html.

About Potbelly

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.

Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

What are top analysts saying about Potbelly Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Potbelly Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit