Potbelly Corporation (PBPB) Holdings Lifted by Nationwide Fund Advisors
Nationwide Fund Advisors raised its stake in shares of Potbelly Corporation (NASDAQ:PBPB) by 45.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,711 shares of the company’s stock after purchasing an additional 7,400 shares during the quarter. Nationwide Fund Advisors owned about 0.09% of Potbelly worth $294,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Osborn Williams & Donohoe LLC acquired a new position in Potbelly during the 3rd quarter valued at approximately $186,000. Highland Private Wealth Management purchased a new stake in shares of Potbelly in the 2nd quarter valued at $146,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Potbelly by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock valued at $241,000 after acquiring an additional 354 shares during the last quarter. Engine Capital Management LLC purchased a new stake in shares of Potbelly in the 2nd quarter valued at $154,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Potbelly by 0.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock valued at $3,263,000 after acquiring an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.
Several research firms have recently commented on PBPB. Zacks Investment Research downgraded shares of Potbelly from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Maxim Group reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Potbelly in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Potbelly in a report on Friday, October 20th. BidaskClub downgraded shares of Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Finally, Piper Jaffray Companies raised shares of Potbelly from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $17.00 in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Potbelly has a consensus rating of “Hold” and an average target price of $14.33.
Shares of Potbelly Corporation (NASDAQ PBPB) opened at $12.80 on Thursday. The company has a market cap of $305.09, a price-to-earnings ratio of 142.24, a PEG ratio of 1.79 and a beta of 0.93. Potbelly Corporation has a twelve month low of $10.50 and a twelve month high of $14.28.
Potbelly (NASDAQ:PBPB) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Potbelly had a net margin of 0.54% and a return on equity of 7.80%. The firm had revenue of $106.10 million for the quarter, compared to the consensus estimate of $107.75 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. analysts predict that Potbelly Corporation will post 0.3 EPS for the current year.
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Potbelly Company 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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