Tudor Investment Corp ET AL cut its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 40.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,578 shares of the company’s stock after selling 22,382 shares during the quarter. Tudor Investment Corp ET AL owned 0.13% of Potbelly Corporation worth $386,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Balyasny Asset Management LLC lifted its holdings in Potbelly Corporation by 713.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 104,180 shares of the company’s stock worth $1,198,000 after buying an additional 91,380 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Potbelly Corporation by 19.6% during the 2nd quarter. Voya Investment Management LLC now owns 14,546 shares of the company’s stock worth $167,000 after buying an additional 2,382 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Potbelly Corporation by 34.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock worth $11,162,000 after buying an additional 250,465 shares in the last quarter. Nicholas Company Inc. lifted its holdings in Potbelly Corporation by 8.1% during the 2nd quarter. Nicholas Company Inc. now owns 283,240 shares of the company’s stock worth $3,257,000 after buying an additional 21,300 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Potbelly Corporation by 4.3% during the 2nd quarter. Teachers Advisors LLC now owns 49,221 shares of the company’s stock worth $566,000 after buying an additional 2,030 shares in the last quarter. Institutional investors own 72.75% of the company’s stock.

Shares of Potbelly Corporation (NASDAQ:PBPB) opened at 12.25 on Friday. The stock has a 50 day moving average of $11.77 and a 200-day moving average of $12.01. Potbelly Corporation has a one year low of $10.50 and a one year high of $14.55. The firm has a market capitalization of $307.78 million, a price-to-earnings ratio of 77.04 and a beta of 0.91.

Potbelly Corporation (NASDAQ:PBPB) last posted its earnings results on Friday, August 4th. The company reported $0.11 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 firm had revenue of $108.10 million for the quarter, compared to analyst estimates of $109.78 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Potbelly Corporation will post $0.32 earnings per share for the current fiscal year.

PBPB has been the topic of a number of research reports. BidaskClub lowered shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Maxim Group lowered shares of Potbelly Corporation from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a report on Friday, July 21st. TheStreet lowered shares of Potbelly Corporation from a “b-” rating to a “c” rating in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and set a $13.00 target price on shares of Potbelly Corporation in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Potbelly Corporation currently has an average rating of “Hold” and an average target price of $13.67.

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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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