Fondren Management LP purchased a new stake in shares of Potbelly Corp (NASDAQ:PBPB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 77,000 shares of the company’s stock, valued at approximately $947,000. Potbelly accounts for 0.7% of Fondren Management LP’s investment portfolio, making the stock its 27th largest holding. Fondren Management LP owned about 0.31% of Potbelly at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in PBPB. Atria Investments LLC purchased a new position in Potbelly during the 4th quarter valued at about $136,000. Two Sigma Securities LLC purchased a new position in Potbelly during the 4th quarter valued at about $155,000. Voya Investment Management LLC increased its holdings in Potbelly by 19.6% during the 2nd quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock valued at $167,000 after purchasing an additional 2,382 shares during the period. First Trust Advisors LP purchased a new position in Potbelly during the 3rd quarter valued at about $231,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Potbelly by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock valued at $241,000 after purchasing an additional 354 shares during the period. Institutional investors own 70.46% of the company’s stock.
Potbelly Corp (PBPB) opened at $13.30 on Wednesday. Potbelly Corp has a twelve month low of $10.50 and a twelve month high of $14.28. The firm has a market capitalization of $332.67, a P/E ratio of -47.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.74.
Potbelly (NASDAQ:PBPB) last posted its earnings results on Friday, February 23rd. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Potbelly had a positive return on equity of 6.59% and a negative net margin of 1.62%. The firm had revenue of $112.15 million for the quarter, compared to the consensus estimate of $112.91 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. analysts expect that Potbelly Corp will post 0.37 earnings per share for the current year.
In other Potbelly news, insider Anne Ewing sold 9,220 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $13.16, for a total transaction of $121,335.20. Following the transaction, the insider now owns 13,088 shares in the company, valued at approximately $172,238.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.60% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on PBPB shares. Maxim Group restated a “hold” rating and set a $13.00 price target (up previously from $12.00) on shares of Potbelly in a report on Monday, December 4th. BidaskClub downgraded Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Potbelly from a “sell” rating to a “hold” rating and set a $14.00 price target on the stock in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.25.
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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