Spark Investment Management LLC raised its position in shares of Potbelly Corporation (NASDAQ:PBPB) by 88.1% during the second quarter, Holdings Channel reports. The firm owned 50,800 shares of the company’s stock after buying an additional 23,800 shares during the period. Spark Investment Management LLC’s holdings in Potbelly Corporation were worth $584,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC boosted its stake in Potbelly Corporation by 11.8% in the second quarter. Tributary Capital Management LLC now owns 880,947 shares of the company’s stock worth $10,131,000 after buying an additional 92,689 shares during the period. Dubuque Bank & Trust Co. boosted its stake in Potbelly Corporation by 8.6% in the second quarter. Dubuque Bank & Trust Co. now owns 13,151 shares of the company’s stock worth $151,000 after buying an additional 1,037 shares during the period. Confluence Investment Management LLC boosted its stake in Potbelly Corporation by 17.5% in the second quarter. Confluence Investment Management LLC now owns 299,396 shares of the company’s stock worth $3,443,000 after buying an additional 44,659 shares during the period. HighTower Advisors LLC acquired a new stake in Potbelly Corporation during the first quarter worth approximately $150,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Potbelly Corporation by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 74,162 shares of the company’s stock worth $1,031,000 after buying an additional 4,104 shares during the period. Institutional investors own 72.97% of the company’s stock.

Shares of Potbelly Corporation (PBPB) opened at 11.20 on Friday. The firm has a 50-day moving average price of $11.75 and a 200-day moving average price of $12.44. The stock has a market capitalization of $281.40 million, a PE ratio of 70.44 and a beta of 0.91. Potbelly Corporation has a 1-year low of $10.50 and a 1-year high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last released its quarterly earnings data on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $108.10 million for the quarter, compared to analyst estimates of $109.78 million. Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts forecast that Potbelly Corporation will post $0.32 earnings per share for the current year.

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A number of equities research analysts have commented on the company. BidaskClub upgraded Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday. Maxim Group decreased their price target on Potbelly Corporation from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, August 4th. Zacks Investment Research upgraded Potbelly Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. TheStreet cut Potbelly Corporation from a “b-” rating to a “c” rating in a research note on Monday, June 19th. Finally, William Blair cut Potbelly Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Potbelly Corporation presently has an average rating of “Hold” and an average price target of $13.50.

Potbelly Corporation 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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Institutional Ownership by Quarter for Potbelly Corporation (NASDAQ:PBPB)

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