Olstein Capital Management L.P. boosted its stake in Potbelly Corp. (NASDAQ:PBPB) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374,100 shares of the company’s stock after buying an additional 3,630 shares during the period. Olstein Capital Management L.P. owned 1.48% of Potbelly Corp. worth $4,650,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PBPB. Confluence Investment Management LLC increased its position in shares of Potbelly Corp. by 7.0% in the third quarter. Confluence Investment Management LLC now owns 182,836 shares of the company’s stock valued at $2,273,000 after buying an additional 12,010 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Potbelly Corp. during the third quarter valued at approximately $214,000. Wells Fargo & Company MN increased its position in shares of Potbelly Corp. by 19.3% in the third quarter. Wells Fargo & Company MN now owns 39,464 shares of the company’s stock valued at $490,000 after buying an additional 6,378 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of Potbelly Corp. by 6.4% in the third quarter. Alambic Investment Management L.P. now owns 150,100 shares of the company’s stock valued at $1,866,000 after buying an additional 9,000 shares in the last quarter. Finally, Shaker Investments LLC OH bought a new position in shares of Potbelly Corp. during the third quarter valued at approximately $646,000. 71.13% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Potbelly Corp. (NASDAQ:PBPB)

Shares of Potbelly Corp. (NASDAQ:PBPB) traded up 0.73% during mid-day trading on Tuesday, hitting $13.75. The stock had a trading volume of 230,230 shares. The stock’s 50-day moving average is $13.10 and its 200 day moving average is $12.95. The company has a market cap of $346.35 million, a PE ratio of 47.74 and a beta of 0.94. Potbelly Corp. has a 12 month low of $9.82 and a 12 month high of $14.99.

Potbelly Corp. (NASDAQ:PBPB) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $103.80 million for the quarter, compared to the consensus estimate of $104.38 million. Potbelly Corp. had a return on equity of 8.23% and a net margin of 1.87%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. On average, equities research analysts forecast that Potbelly Corp. will post $0.38 earnings per share for the current fiscal year.

WARNING: “Olstein Capital Management L.P. Purchases 3,630 Shares of Potbelly Corp. (PBPB)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/29/olstein-capital-management-l-p-purchases-3630-shares-of-potbelly-corp-pbpb.html.

PBPB has been the subject of several analyst reports. Zacks Investment Research upgraded Potbelly Corp. from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Thursday, October 20th. Robert W. Baird restated a “neutral” rating on shares of Potbelly Corp. in a research note on Thursday, September 8th. Finally, Maxim Group upgraded Potbelly Corp. from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Monday, November 7th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $14.30.

In other Potbelly Corp. news, SVP Matthew J. Revord sold 20,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $12.42, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now owns 20,000 shares in the company, valued at $248,400. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Matthew J. Revord sold 10,000 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $12.43, for a total value of $124,300.00. Following the completion of the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $124,300. The disclosure for this sale can be found here. Corporate insiders own 9.30% of the company’s stock.

About Potbelly Corp.

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.

5 Day Chart for NASDAQ:PBPB

Receive News & Stock Ratings for Potbelly Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly Corp. and related stocks with our FREE daily email newsletter.