Rothschild Investment Corp IL decreased its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,495 shares of the company’s stock after selling 5,035 shares during the quarter. Rothschild Investment Corp IL owned approximately 0.50% of Potbelly worth $1,519,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Potbelly by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 20,954 shares of the company’s stock worth $241,000 after buying an additional 354 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Potbelly by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 74,618 shares of the company’s stock worth $859,000 after buying an additional 456 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Potbelly by 0.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,735 shares of the company’s stock worth $3,263,000 after buying an additional 1,101 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Potbelly by 5.8% during the second quarter. Rhumbline Advisers now owns 26,741 shares of the company’s stock worth $308,000 after buying an additional 1,470 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Potbelly by 4.3% during the second quarter. Teachers Advisors LLC now owns 49,221 shares of the company’s stock worth $566,000 after buying an additional 2,030 shares in the last quarter. 73.37% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Potbelly from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, January 10th. Maxim Group reissued a “hold” rating and set a $11.00 target price on shares of Potbelly in a report on Friday, November 3rd. Piper Jaffray Companies raised Potbelly from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Thursday, September 28th. Finally, BidaskClub downgraded Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.25.
Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $106.10 million during the quarter, compared to the consensus estimate of $107.75 million. Potbelly had a return on equity of 7.80% and a net margin of 0.54%. Potbelly’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. analysts predict that Potbelly Corporation will post 0.3 EPS for the current fiscal year.
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Potbelly 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.
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