Alambic Investment Management L.P. Decreases Holdings in Potbelly Corp (PBPB)

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Alambic Investment Management L.P. trimmed its stake in shares of Potbelly Corp (NASDAQ:PBPB) by 16.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,646 shares of the company’s stock after selling 58,206 shares during the quarter. Potbelly comprises 1.0% of Alambic Investment Management L.P.’s investment portfolio, making the stock its 10th biggest holding. Alambic Investment Management L.P. owned 1.14% of Potbelly worth $3,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of Potbelly by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,128,300 shares of the company’s stock valued at $27,561,000 after buying an additional 133,900 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Potbelly by 36.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 900,709 shares of the company’s stock valued at $11,844,000 after buying an additional 242,123 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Potbelly by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,425,100 shares of the company’s stock valued at $18,455,000 after buying an additional 42,671 shares during the period. BlackRock Inc. lifted its holdings in shares of Potbelly by 2.4% in the 2nd quarter. BlackRock Inc. now owns 1,767,630 shares of the company’s stock valued at $22,892,000 after buying an additional 42,261 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Potbelly by 219.0% in the 2nd quarter. GSA Capital Partners LLP now owns 49,127 shares of the company’s stock valued at $636,000 after buying an additional 33,728 shares during the period. 71.92% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Julie Younglove-Webb sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the transaction, the senior vice president now directly owns 15,617 shares of the company’s stock, valued at approximately $204,582.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.60% of the company’s stock.

Several analysts have recently commented on PBPB shares. BidaskClub raised Potbelly from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. Zacks Investment Research cut Potbelly from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, ValuEngine raised Potbelly from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Potbelly currently has a consensus rating of “Hold” and an average target price of $14.00.

PBPB opened at $13.45 on Friday. Potbelly Corp has a 12 month low of $10.98 and a 12 month high of $14.15. The company has a market capitalization of $344.95 million, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Potbelly had a positive return on equity of 6.70% and a negative net margin of 2.33%. The firm had revenue of $110.35 million during the quarter, compared to the consensus estimate of $112.85 million. sell-side analysts anticipate that Potbelly Corp will post 0.37 earnings per share for the current fiscal year.

Potbelly 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.

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Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

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