Vanguard Group Inc. Has $16.61 Million Position in Potbelly Corporation (PBPB)
Vanguard Group Inc. decreased its holdings in Potbelly Corporation (NASDAQ:PBPB) by 28.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,443,970 shares of the company’s stock after selling 561,665 shares during the quarter. Vanguard Group Inc. owned approximately 5.77% of Potbelly Corporation worth $16,606,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Tributary Capital Management LLC grew its stake in shares of 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 purchasing an additional 92,689 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Potbelly Corporation by 33.5% in the first quarter. Dimensional Fund Advisors LP now owns 720,117 shares of the company’s stock worth $10,010,000 after purchasing an additional 180,515 shares during the last quarter. Vivaldi Asset Management LLC bought a new stake in Potbelly Corporation during the second quarter valued at $4,098,000. Nicholas Company Inc. boosted its position in Potbelly Corporation by 8.1% during the second quarter. Nicholas Company Inc. now owns 283,240 shares of the company’s stock valued at $3,257,000 after acquiring an additional 21,300 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Potbelly Corporation by 0.5% during the first quarter. Geode Capital Management LLC now owns 194,688 shares of the company’s stock valued at $2,706,000 after acquiring an additional 1,025 shares during the last quarter. 67.53% of the stock is currently owned by institutional investors.
Shares of Potbelly Corporation (PBPB) opened at $12.00 on Friday. The company has a market cap of $295.17, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. 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, 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. The company had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $107.75 million. Potbelly Corporation had a net margin of 0.54% and a return on equity of 7.80%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. equities analysts predict that Potbelly Corporation will post 0.31 earnings per share for the current fiscal year.
PBPB has been the topic of a number of research analyst reports. Maxim Group cut shares of Potbelly Corporation from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Friday, July 21st. BidaskClub cut shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Potbelly Corporation in a research report on Tuesday, September 19th. Finally, Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Potbelly Corporation has an average rating of “Hold” and a consensus target price of $13.67.
Potbelly Corporation 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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