45,208 Shares in Potbelly Corp (PBPB) Obtained by Piermont Capital Management Inc.

45,208 Shares in Potbelly Corp (PBPB) Obtained by Piermont Capital Management Inc.

Piermont Capital Management Inc. bought a new stake in shares of Potbelly Corp (NASDAQ:PBPB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,208 shares of the company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zuckerman Investment Group LLC increased its position in shares of Potbelly Corp by 4.0% in the third quarter. Zuckerman Investment Group LLC now owns 655,933 shares of the company’s stock valued at $8,153,000 after buying an additional 25,340 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Potbelly Corp during the fourth quarter valued at $146,000. Bessemer Group Inc. increased its position in shares of Potbelly Corp by 6.2% in the fourth quarter. Bessemer Group Inc. now owns 48,300 shares of the company’s stock valued at $623,000 after buying an additional 2,800 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Potbelly Corp by 244.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 81,691 shares of the company’s stock valued at $1,054,000 after buying an additional 57,977 shares during the period. Finally, Comerica Bank increased its position in shares of Potbelly Corp by 0.4% in the fourth quarter. Comerica Bank now owns 221,716 shares of the company’s stock valued at $2,927,000 after buying an additional 828 shares during the period. Institutional investors own 71.76% of the company’s stock.

Shares of Potbelly Corp (PBPB) traded up 0.636% on Monday, hitting $11.875. The company’s stock had a trading volume of 316,646 shares. The company has a 50 day moving average of $12.11 and a 200 day moving average of $13.07. Potbelly Corp has a 1-year low of $10.50 and a 1-year high of $14.55. The firm has a market cap of $297.41 million, a PE ratio of 39.452 and a beta of 0.96.

Potbelly Corp (NASDAQ:PBPB) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $102.78 million. Potbelly Corp had a return on equity of 8.23% and a net margin of 1.87%. Equities analysts forecast that Potbelly Corp will post $0.38 EPS for the current year.

Several research analysts have weighed in on PBPB shares. Zacks Investment Research upgraded Potbelly Corp from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research note on Friday, February 17th. TheStreet upgraded Potbelly Corp from a “c+” rating to a “b-” rating in a research note on Friday, March 31st. William Blair downgraded Potbelly Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. Finally, Maxim Group downgraded Potbelly Corp from a “buy” rating to a “hold” rating and lowered their target price for the company from $16.00 to $13.00 in a research note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

In related news, Director Peter A. Bassi purchased 8,650 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were acquired at an average cost of $11.47 per share, for a total transaction of $99,215.50. Following the transaction, the director now owns 19,287 shares of the company’s stock, valued at $221,221.89. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

About Potbelly Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PBPB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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