Stephens Investment Management Group LLC reduced its stake in Potbelly Sandwich Works (NASDAQ:PBPB) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 658,586 shares of the company’s stock after selling 7,787 shares during the quarter. Stephens Investment Management Group LLC owned about 2.59% of Potbelly Sandwich Works worth $7,936,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Atria Investments LLC acquired a new position in shares of Potbelly Sandwich Works in the fourth quarter worth approximately $136,000. MetLife Investment Advisors LLC acquired a new position in shares of Potbelly Sandwich Works in the fourth quarter worth approximately $154,000. Two Sigma Securities LLC acquired a new position in shares of Potbelly Sandwich Works in the fourth quarter worth approximately $155,000. Macquarie Group Ltd. acquired a new position in shares of Potbelly Sandwich Works in the fourth quarter worth approximately $166,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of Potbelly Sandwich Works in the fourth quarter worth approximately $315,000. 69.42% of the stock is currently owned by institutional investors.
Get Potbelly Sandwich Works alerts:
In other Potbelly Sandwich Works news, insider Anne Ewing sold 9,220 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $13.16, for a total value of $121,335.20. Following the transaction, the insider now directly owns 13,088 shares of the company’s stock, valued at $172,238.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.60% of the stock is currently owned by insiders.
Shares of Potbelly Sandwich Works opened at $12.95 on Friday, according to Marketbeat.com. Potbelly Sandwich Works has a 52-week low of $12.60 and a 52-week high of $13.00. The company has a market capitalization of $328.80 million, a price-to-earnings ratio of 44.65, a price-to-earnings-growth ratio of 1.74 and a beta of 0.76.
Potbelly Sandwich Works (NASDAQ:PBPB) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Potbelly Sandwich Works had a positive return on equity of 6.12% and a negative net margin of 2.29%. The firm had revenue of $102.90 million for the quarter, compared to analyst estimates of $103.22 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. equities research analysts anticipate that Potbelly Sandwich Works will post 0.37 EPS for the current year.
PBPB has been the topic of a number of recent analyst reports. Maxim Group cut their price objective on Potbelly Sandwich Works from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Monday, April 16th. Zacks Investment Research raised Potbelly Sandwich Works from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Thursday, January 18th. Finally, ValuEngine raised Potbelly Sandwich Works from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.00.
Potbelly Sandwich Works Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.
Want to see what other hedge funds are holding PBPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potbelly Sandwich Works (NASDAQ:PBPB).