New York State Common Retirement Fund reduced its position in Potbelly Corporation (NASDAQ:PBPB) by 24.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,810 shares of the company’s stock after selling 8,801 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Potbelly Corporation worth $308,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of PBPB. Prudential Financial Inc. bought a new position in shares of Potbelly Corporation in the 1st quarter worth $683,000. American International Group Inc. lifted its holdings in shares of Potbelly Corporation by 7.2% in the 1st quarter. American International Group Inc. now owns 14,685 shares of the company’s stock worth $204,000 after purchasing an additional 983 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Potbelly Corporation by 7.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 71,530 shares of the company’s stock worth $994,000 after purchasing an additional 5,246 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Potbelly Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock worth $27,879,000 after purchasing an additional 97,420 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Potbelly Corporation by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 194,688 shares of the company’s stock worth $2,706,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.
Potbelly Corporation (NASDAQ:PBPB) opened at $12.00 on Monday. Potbelly Corporation has a 52 week low of $10.50 and a 52 week high of $14.55. The firm has a market capitalization of $297.65, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90.
Potbelly Corporation (NASDAQ:PBPB) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Potbelly Corporation had a return on equity of 7.80% and a net margin of 0.54%. The business had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $107.75 million. During the same period last year, the business earned $0.12 EPS. The business’s revenue was up 2.2% on a year-over-year basis. equities analysts forecast that Potbelly Corporation will post 0.31 EPS for the current year.
A number of equities analysts recently issued reports on the company. Maxim Group cut their target price on Potbelly Corporation from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, August 4th. Piper Jaffray Companies upgraded Potbelly Corporation from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. BidaskClub cut Potbelly Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 target price on shares of Potbelly Corporation in a report on Tuesday, September 19th. Finally, Zacks Investment Research upgraded Potbelly Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Potbelly Corporation currently has a consensus rating of “Hold” and an average price target of $13.67.
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About Potbelly Corporation
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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