The Manufacturers Life Insurance Company boosted its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,954 shares of the company’s stock after acquiring an additional 354 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Potbelly worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vivaldi Asset Management LLC bought a new stake in shares of Potbelly in the second quarter valued at about $4,098,000. Dimensional Fund Advisors LP lifted its holdings in shares of Potbelly by 34.8% in the second quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock valued at $11,162,000 after purchasing an additional 250,465 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Potbelly by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock valued at $27,879,000 after purchasing an additional 97,420 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Potbelly by 713.9% in the second quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock valued at $1,198,000 after purchasing an additional 91,380 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Potbelly by 117.5% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 132,151 shares of the company’s stock valued at $1,519,000 after purchasing an additional 71,400 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Shares of Potbelly Corporation (NASDAQ:PBPB) opened at $12.85 on Friday. The stock has a market capitalization of $313.77, a PE ratio of 33.29, a P/E/G ratio of 2.11 and a beta of 0.93. Potbelly Corporation has a 12-month low of $10.50 and a 12-month high of $14.55.

Potbelly (NASDAQ:PBPB) last released its earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $106.10 million for 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%. Potbelly’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. equities research analysts predict that Potbelly Corporation will post 0.3 earnings per share for the current fiscal year.

A number of analysts have recently commented on PBPB shares. Maxim Group restated a “hold” rating and issued a $11.00 price target on shares of Potbelly in a report on Friday, November 3rd. Zacks Investment Research upgraded Potbelly from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Robert W. Baird restated a “hold” rating and issued a $13.00 price target on shares of Potbelly in a report on Friday, October 20th. BidaskClub upgraded Potbelly from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies upgraded Potbelly from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $12.00 to $17.00 in a report on Thursday, September 28th. Two research 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’s stock. Potbelly has a consensus rating of “Hold” and an average price target of $14.33.

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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)

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