Deltec Asset Management LLC Purchases New Position in Potbelly Corp (PBPB)

Deltec Asset Management LLC purchased a new stake in Potbelly Corp (NASDAQ:PBPB) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 20,500 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in Potbelly by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,128,300 shares of the company’s stock valued at $27,561,000 after buying an additional 133,900 shares in the last quarter. BlackRock Inc. lifted its stake in Potbelly by 2.4% in the 2nd quarter. BlackRock Inc. now owns 1,767,630 shares of the company’s stock valued at $22,892,000 after buying an additional 42,261 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Potbelly by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,425,100 shares of the company’s stock valued at $18,455,000 after buying an additional 42,671 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Potbelly by 36.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 900,709 shares of the company’s stock valued at $11,844,000 after buying an additional 242,123 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Potbelly by 3.5% in the 2nd quarter. Confluence Investment Management LLC now owns 350,763 shares of the company’s stock valued at $4,543,000 after buying an additional 11,944 shares in the last quarter. 71.92% of the stock is currently owned by hedge funds and other institutional investors.

PBPB opened at $13.01 on Friday. Potbelly Corp has a 1-year low of $11.05 and a 1-year high of $14.15. The company has a market capitalization of $313.13 million, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 1.91 and a beta of 0.82.

Potbelly (NASDAQ:PBPB) last released its earnings results on Tuesday, August 7th. The company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. Potbelly had a negative net margin of 2.33% and a positive return on equity of 6.70%. The business had revenue of $110.35 million for the quarter, compared to analyst estimates of $112.85 million. As a group, sell-side analysts predict that Potbelly Corp will post 0.37 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on PBPB. BidaskClub raised shares of Potbelly from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. ValuEngine raised shares of Potbelly from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research raised shares of Potbelly from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Maxim Group raised shares of Potbelly from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $15.00 in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Potbelly has a consensus rating of “Hold” and a consensus price target of $13.67.

Potbelly Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.

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Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

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