Stephens Inc. AR raised its stake in Potbelly Corporation (NASDAQ:PBPB) by 32.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,700 shares of the company’s stock after purchasing an additional 5,500 shares during the quarter. Stephens Inc. AR owned approximately 0.09% of Potbelly Corporation worth $261,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in Potbelly Corporation in the first quarter valued at approximately $150,000. Dubuque Bank & Trust Co. grew 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 valued at $151,000 after purchasing an additional 1,037 shares in the last quarter. Karp Capital Management Corp bought a new position in Potbelly Corporation in the first quarter valued at approximately $191,000. American International Group Inc. grew its stake in Potbelly Corporation by 7.2% in the first quarter. American International Group Inc. now owns 14,685 shares of the company’s stock valued at $204,000 after purchasing an additional 983 shares in the last quarter. Finally, KCG Holdings Inc. grew its stake in Potbelly Corporation by 43.3% in the first quarter. KCG Holdings Inc. now owns 19,697 shares of the company’s stock valued at $274,000 after purchasing an additional 5,948 shares in the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

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PBPB has been the subject of a number of analyst reports. Maxim Group upgraded Potbelly Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, May 31st. TheStreet downgraded Potbelly Corporation from a “b-” rating to a “c” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Potbelly Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Robert W. Baird restated a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a research note on Tuesday. Finally, BidaskClub downgraded Potbelly Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.33.

Potbelly Corporation (PBPB) opened at 11.60 on Friday. The company has a market capitalization of $291.45 million, a P/E ratio of 72.96 and a beta of 0.90. The firm has a 50-day moving average price of $11.36 and a 200-day moving average price of $12.13. Potbelly Corporation has a 1-year low of $10.50 and a 1-year high of $14.55.

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

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.

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

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