Prudential Financial Inc. raised its stake in Potbelly Corporation (NASDAQ:PBPB) by 60.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,100 shares of the company’s stock after buying an additional 29,900 shares during the quarter. Prudential Financial Inc. owned about 0.32% of Potbelly Corporation worth $910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in Potbelly Corporation in the first quarter valued at about $150,000. Dubuque Bank & Trust Co. lifted its position 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 buying an additional 1,037 shares during the last quarter. Karp Capital Management Corp acquired a new position in Potbelly Corporation in the first quarter valued at about $191,000. American International Group Inc. lifted its position 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 buying an additional 983 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Potbelly Corporation by 14.7% in the first quarter. Stephens Inc. AR now owns 17,200 shares of the company’s stock valued at $239,000 after buying an additional 2,200 shares during the last quarter. 72.75% of the stock is currently owned by institutional investors.

Potbelly Corporation (PBPB) opened at 12.50 on Friday. The firm has a 50-day moving average of $11.66 and a 200-day moving average of $12.04. The firm has a market cap of $314.06 million, a PE ratio of 78.62 and a beta of 0.91. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Potbelly Corporation had a return on equity of 8.68% and a net margin of 1.03%. The business had revenue of $108.10 million during the quarter, compared to analyst estimates of $109.78 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Potbelly Corporation will post $0.32 EPS for the current year.

A number of research firms have commented on PBPB. Maxim Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Potbelly Corporation in a research report on Friday. TheStreet cut shares of Potbelly Corporation from a “b-” rating to a “c” rating in a research report on Monday, June 19th. BidaskClub raised shares of Potbelly Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and upped their target price for the company from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 target price on shares of Potbelly Corporation in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Potbelly Corporation currently has an average rating of “Hold” and a consensus target price of $13.67.

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

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