Algert Global LLC Has $1,831,000 Stake in Potbelly Corp. (PBPB)
Algert Global LLC increased its stake in Potbelly Corp. (NASDAQ:PBPB) by 1,316.3% during the third quarter, Holdings Channel reports. The fund owned 147,299 shares of the company’s stock after buying an additional 136,899 shares during the period. Algert Global LLC’s holdings in Potbelly Corp. were worth $1,831,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of PBPB. Bayesian Capital Management LP bought a new stake in Potbelly Corp. during the first quarter valued at about $142,000. Stevens Capital Management LP acquired a new position in Potbelly Corp. during the second quarter valued at $146,000. BlackRock Advisors LLC boosted its position in Potbelly Corp. by 9.6% in the second quarter. BlackRock Advisors LLC now owns 11,733 shares of the company’s stock valued at $147,000 after buying an additional 1,032 shares during the period. Numeric Investors LLC acquired a new position in Potbelly Corp. during the second quarter valued at $157,000. Finally, Stephens Inc. AR boosted its position in Potbelly Corp. by 1.6% in the second quarter. Stephens Inc. AR now owns 12,900 shares of the company’s stock valued at $162,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 70.42% of the company’s stock.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 13.01 on Thursday. Potbelly Corp. has a 52 week low of $9.82 and a 52 week high of $14.99. The company has a 50 day moving average price of $12.93 and a 200 day moving average price of $13.13. The company has a market cap of $327.75 million, a PE ratio of 48.91 and a beta of 1.02.
Potbelly Corp. (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $105 million for the quarter, compared to analysts’ expectations of $105.67 million. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. On average, equities analysts expect that Potbelly Corp. will post $0.37 earnings per share for the current year.
Several research firms have weighed in on PBPB. Robert W. Baird reaffirmed an “outperform” rating on shares of Potbelly Corp. in a research note on Tuesday, June 28th. Zacks Investment Research raised Potbelly Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Maxim Group began coverage on Potbelly Corp. in a research note on Thursday, September 29th. They set a “hold” rating and a $14.00 target price on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Potbelly Corp. currently has an average rating of “Hold” and an average price target of $13.75.
In related news, SVP Matthew J. Revord sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $12.42, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 20,000 shares in the company, valued at $248,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.30% of the stock is owned by corporate insiders.
About Potbelly Corp.
Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.
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