Potbelly Corporation (PBPB) Position Maintained by Nationwide Fund Advisors

Nationwide Fund Advisors continued to hold its stake in Potbelly Corporation (NASDAQ:PBPB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,311 shares of the company’s stock at the close of the 2nd quarter. Nationwide Fund Advisors owned 0.07% of Potbelly Corporation worth $188,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PBPB. Vivaldi Asset Management LLC bought a new stake in shares of Potbelly Corporation in the 2nd quarter valued at about $4,098,000. Dimensional Fund Advisors LP raised its holdings in shares of Potbelly Corporation by 33.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 720,117 shares of the company’s stock valued at $10,010,000 after purchasing an additional 180,515 shares during the period. Vanguard Group Inc. raised its holdings in Potbelly Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,005,635 shares of the company’s stock valued at $27,879,000 after acquiring an additional 97,420 shares during the period. Tributary Capital Management LLC raised its holdings in Potbelly Corporation by 11.8% in the 2nd quarter. Tributary Capital Management LLC now owns 880,947 shares of the company’s stock valued at $10,131,000 after acquiring an additional 92,689 shares during the period. Finally, Prudential Financial Inc. bought a new position in Potbelly Corporation in the 1st quarter valued at about $683,000. 67.53% of the stock is currently owned by institutional investors.

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

Potbelly Corporation (NASDAQ:PBPB) last announced its earnings results on Friday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Potbelly Corporation had a net margin of 0.54% and a return on equity of 7.80%. The firm had revenue of $106.10 million for the quarter, compared to analyst estimates of $107.75 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. equities research analysts forecast that Potbelly Corporation will post 0.31 earnings per share for the current year.

Several research firms have weighed in on PBPB. Maxim Group reissued a “hold” rating and issued a $11.00 price target on shares of Potbelly Corporation in a report on Friday, November 3rd. Zacks Investment Research cut shares of Potbelly Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of Potbelly Corporation in a report on Friday, October 20th. Piper Jaffray Companies raised shares of Potbelly Corporation from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $17.00 in a report on Thursday, September 28th. Finally, BidaskClub raised shares of Potbelly Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Two 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’s stock. The company 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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