Macquarie Group Ltd. lessened its holdings in Potbelly Corp (NASDAQ:PBPB) by 48.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,150 shares of the company’s stock after selling 8,725 shares during the quarter. Macquarie Group Ltd.’s holdings in Potbelly were worth $74,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PBPB. Metropolitan Life Insurance Co. NY boosted its holdings in Potbelly by 287.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,032 shares of the company’s stock worth $49,000 after purchasing an additional 4,474 shares during the last quarter. Bank of America Corp DE boosted its holdings in Potbelly by 97.1% in the fourth quarter. Bank of America Corp DE now owns 13,587 shares of the company’s stock worth $109,000 after purchasing an additional 6,695 shares during the last quarter. Jane Street Group LLC boosted its holdings in Potbelly by 32.6% in the fourth quarter. Jane Street Group LLC now owns 14,789 shares of the company’s stock worth $119,000 after purchasing an additional 3,634 shares during the last quarter. Equitec Specialists LLC boosted its holdings in Potbelly by 18.2% in the fourth quarter. Equitec Specialists LLC now owns 23,343 shares of the company’s stock worth $188,000 after purchasing an additional 3,590 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Potbelly in the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.

PBPB opened at $8.92 on Friday. Potbelly Corp has a 1-year low of $7.71 and a 1-year high of $14.15. The company has a market capitalization of $214.98 million, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings results on Monday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Potbelly had a negative net margin of 2.10% and a positive return on equity of 6.81%. The business had revenue of $102.37 million for the quarter, compared to the consensus estimate of $103.65 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts predict that Potbelly Corp will post 0.27 EPS for the current fiscal year.

PBPB has been the topic of several research reports. Maxim Group restated a “buy” rating and issued a $11.00 target price (down previously from $12.00) on shares of Potbelly in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Potbelly from a “hold” rating to a “strong-buy” rating and set a $9.75 target price on the stock in a report on Saturday, March 2nd. Bank of America set a $9.00 target price on shares of Potbelly and gave the stock a “sell” rating in a report on Tuesday, February 26th. Finally, ValuEngine cut shares of Potbelly from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.92.

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About Potbelly

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.

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Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

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