Kennedy Capital Management Inc. increased its stake in Potbelly Corp (NASDAQ:PBPB) by 15.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 618,248 shares of the company’s stock after purchasing an additional 84,093 shares during the period. Kennedy Capital Management Inc.’s holdings in Potbelly were worth $5,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in shares of Potbelly in the 1st quarter worth approximately $26,000. BNP Paribas Arbitrage SA increased its position in shares of Potbelly by 20,439.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,724 shares of the company’s stock valued at $40,000 after purchasing an additional 4,701 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in shares of Potbelly by 287.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,032 shares of the company’s stock worth $49,000 after acquiring an additional 4,474 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of Potbelly during the first quarter valued at $99,000. Finally, Bank of America Corp DE boosted its position in Potbelly by 97.1% during the fourth quarter. Bank of America Corp DE now owns 13,587 shares of the company’s stock valued at $109,000 after purchasing an additional 6,695 shares during the last quarter. 72.40% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on PBPB shares. Maxim Group restated a “buy” rating and set a $11.00 price target on shares of Potbelly in a research note on Wednesday, May 1st. Zacks Investment Research raised Potbelly from a “hold” rating to a “strong-buy” rating and set a $9.75 target price on the stock in a report on Saturday, March 2nd. Finally, Bank of America set a $9.00 price target on Potbelly and gave the company a “sell” rating in a research note on Tuesday, February 26th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Potbelly currently has a consensus rating of “Sell” and a consensus price target of $8.92.

Shares of NASDAQ PBPB traded down $0.25 during midday trading on Wednesday, reaching $4.57. 2,079 shares of the company were exchanged, compared to its average volume of 242,811. The stock has a market cap of $111.82 million, a PE ratio of 16.10 and a beta of 1.44. Potbelly Corp has a one year low of $4.38 and a one year high of $14.15. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.56 and a current ratio of 0.62.

Potbelly (NASDAQ:PBPB) last posted its earnings results on Tuesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The company had revenue of $98.09 million for the quarter, compared to the consensus estimate of $100.96 million. Potbelly had a positive return on equity of 3.85% and a negative net margin of 6.01%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. As a group, sell-side analysts predict that Potbelly Corp will post -0.03 earnings per share for the current fiscal year.

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Potbelly Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.

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Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

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