Two Sigma Investments LP Decreases Stock Position in Potbelly Corp (NASDAQ:PBPB)

Two Sigma Investments LP decreased its holdings in shares of Potbelly Corp (NASDAQ:PBPB) by 51.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 51,906 shares of the company’s stock after selling 55,295 shares during the period. Two Sigma Investments LP owned approximately 0.22% of Potbelly worth $160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its position in shares of Potbelly by 6.2% in the 1st quarter. Nuveen Asset Management LLC now owns 88,452 shares of the company’s stock valued at $273,000 after purchasing an additional 5,184 shares during the last quarter. Bank of Montreal Can increased its stake in Potbelly by 65.8% during the 4th quarter. Bank of Montreal Can now owns 14,477 shares of the company’s stock valued at $61,000 after purchasing an additional 5,746 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Potbelly by 20.7% during the first quarter. Rhumbline Advisers now owns 41,982 shares of the company’s stock worth $130,000 after buying an additional 7,200 shares during the period. Geode Capital Management LLC grew its holdings in shares of Potbelly by 2.4% during the first quarter. Geode Capital Management LLC now owns 330,905 shares of the company’s stock valued at $1,022,000 after buying an additional 7,913 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Potbelly by 95.8% in the 4th quarter. Barclays PLC now owns 21,212 shares of the company’s stock valued at $90,000 after acquiring an additional 10,380 shares during the period. Hedge funds and other institutional investors own 56.01% of the company’s stock.

PBPB stock opened at $2.36 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.61. The firm has a 50-day moving average of $2.34 and a two-hundred day moving average of $3.54. Potbelly Corp has a 12 month low of $1.50 and a 12 month high of $6.00. The company has a market cap of $51.20 million, a price-to-earnings ratio of -2.95 and a beta of 1.17.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). The company had revenue of $87.59 million during the quarter, compared to analyst estimates of $89.20 million. Potbelly had a negative net margin of 4.73% and a negative return on equity of 10.47%. As a group, equities analysts forecast that Potbelly Corp will post -1.15 earnings per share for the current year.

PBPB has been the topic of several research analyst reports. Zacks Investment Research upgraded Potbelly from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. ValuEngine lowered shares of Potbelly from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th.

About Potbelly

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.

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Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

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