Dimensional Fund Advisors LP increased its stake in shares of Potbelly Corporation (NASDAQ:PBPB) by 34.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 970,582 shares of the company’s stock after buying an additional 250,465 shares during the period. Dimensional Fund Advisors LP owned about 3.88% of Potbelly Corporation worth $11,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in Potbelly Corporation during the first quarter worth about $150,000. Dubuque Bank & Trust Co. raised its position in Potbelly Corporation by 8.6% during the second quarter. Dubuque Bank & Trust Co. now owns 13,151 shares of the company’s stock worth $151,000 after acquiring an additional 1,037 shares during the last quarter. American International Group Inc. raised its position in Potbelly Corporation by 7.2% during the first quarter. American International Group Inc. now owns 14,685 shares of the company’s stock worth $204,000 after acquiring an additional 983 shares during the last quarter. Stephens Inc. AR raised its position in Potbelly Corporation by 32.0% during the second quarter. Stephens Inc. AR now owns 22,700 shares of the company’s stock worth $261,000 after acquiring an additional 5,500 shares during the last quarter. Finally, KCG Holdings Inc. raised its position in Potbelly Corporation by 43.3% during the first quarter. KCG Holdings Inc. now owns 19,697 shares of the company’s stock worth $274,000 after acquiring an additional 5,948 shares during the last quarter. 67.53% of the stock is currently owned by hedge funds and other institutional investors.

Potbelly Corporation (NASDAQ PBPB) opened at $11.80 on Thursday. The firm has a market cap of $295.17, a P/E ratio of 31.32, a PEG ratio of 1.93 and a beta of 0.90. Potbelly Corporation has a 52-week low of $10.50 and a 52-week high of $14.55.

Potbelly Corporation (NASDAQ:PBPB) last posted its quarterly earnings data on Friday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $107.75 million. Potbelly Corporation had a net margin of 0.54% and a return on equity of 7.80%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. research analysts anticipate that Potbelly Corporation will post 0.31 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on PBPB shares. BidaskClub cut shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Potbelly Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Maxim Group restated a “hold” rating and set a $11.00 target price on shares of Potbelly Corporation in a research report on Friday, October 6th. Piper Jaffray Companies upgraded shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $17.00 in a research report on Thursday, September 28th. Finally, Robert W. Baird restated a “hold” rating and set a $13.00 target price on shares of Potbelly Corporation in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Potbelly Corporation presently has an average rating of “Hold” and a consensus target price of $13.67.

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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