GSA Capital Partners LLP Grows Stock Position in Potbelly Co. (NASDAQ:PBPB)

GSA Capital Partners LLP boosted its stake in shares of Potbelly Co. (NASDAQ:PBPB) by 17.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 86,121 shares of the company’s stock after buying an additional 12,758 shares during the quarter. GSA Capital Partners LLP’s holdings in Potbelly were worth $1,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its holdings in Potbelly by 10.4% during the 4th quarter. First Eagle Investment Management LLC now owns 814,728 shares of the company’s stock valued at $8,489,000 after buying an additional 76,748 shares during the period. Los Angeles Capital Management LLC raised its holdings in Potbelly by 28.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 243,662 shares of the company’s stock valued at $2,951,000 after buying an additional 54,667 shares during the period. Millrace Asset Group Inc. bought a new position in Potbelly in the 4th quarter valued at $1,391,000. Hodges Capital Management Inc. bought a new position in Potbelly in the 1st quarter valued at $1,411,000. Finally, Russell Investments Group Ltd. grew its position in Potbelly by 75.8% in the 4th quarter. Russell Investments Group Ltd. now owns 92,566 shares of the company’s stock valued at $965,000 after acquiring an additional 39,898 shares during the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Potbelly presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Potbelly Stock Down 5.5 %

Shares of PBPB traded down $0.40 during midday trading on Wednesday, reaching $6.82. 80,327 shares of the stock were exchanged, compared to its average volume of 257,079. Potbelly Co. has a 52 week low of $6.79 and a 52 week high of $14.36. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $8.37 and its two-hundred day moving average is $10.68. The company has a market capitalization of $203.51 million, a P/E ratio of 56.92 and a beta of 1.16.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $111.15 million for the quarter, compared to the consensus estimate of $106.80 million. Potbelly had a return on equity of 36.44% and a net margin of 0.76%. On average, sell-side analysts anticipate that Potbelly Co. will post 0.18 earnings per share for the current year.

Potbelly Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.