Potbelly Corp (PBPB) Shares Sold by Stephens Inc. AR

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Stephens Inc. AR cut its holdings in shares of Potbelly Corp (NASDAQ:PBPB) by 81.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,400 shares of the company’s stock after selling 14,700 shares during the period. Stephens Inc. AR’s holdings in Potbelly were worth $27,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Equitec Specialists LLC increased its stake in shares of Potbelly by 18.2% during the fourth quarter. Equitec Specialists LLC now owns 23,343 shares of the company’s stock valued at $188,000 after buying an additional 3,590 shares during the period. Rhumbline Advisers increased its stake in shares of Potbelly by 49.7% during the fourth quarter. Rhumbline Advisers now owns 29,858 shares of the company’s stock valued at $240,000 after buying an additional 9,918 shares during the period. Wells Fargo & Company MN increased its stake in shares of Potbelly by 15.8% during the third quarter. Wells Fargo & Company MN now owns 76,937 shares of the company’s stock valued at $947,000 after buying an additional 10,494 shares during the period. Blair William & Co. IL increased its stake in shares of Potbelly by 3.2% during the third quarter. Blair William & Co. IL now owns 355,414 shares of the company’s stock valued at $4,372,000 after buying an additional 11,127 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Potbelly during the third quarter valued at approximately $137,000. 70.72% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Matthew J. Revord sold 18,200 shares of the stock in a transaction on Friday, January 4th. The stock was sold at an average price of $8.15, for a total value of $148,330.00. Following the sale, the senior vice president now directly owns 18,010 shares of the company’s stock, valued at $146,781.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 21,800 shares of company stock worth $177,670. Insiders own 10.20% of the company’s stock.

Several research firms have recently issued reports on PBPB. Maxim Group reissued a “buy” rating and set a $11.00 target price (down from $12.00) on shares of Potbelly in a research note on Tuesday, February 26th. Zacks Investment Research cut Potbelly from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. BidaskClub cut Potbelly from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. ValuEngine cut Potbelly from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, Bank of America set a $9.00 price target on Potbelly and gave the stock a “sell” rating in a research note on Tuesday, February 26th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.92.

PBPB stock traded up $0.08 during midday trading on Friday, hitting $8.62. The stock had a trading volume of 68,062 shares, compared to its average volume of 238,595. The stock has a market cap of $206.24 million, a price-to-earnings ratio of 29.72, a PEG ratio of 1.63 and a beta of 1.03. Potbelly Corp has a 52-week low of $7.71 and a 52-week high of $14.15.

Potbelly (NASDAQ:PBPB) last released its earnings results on Monday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Potbelly had a positive return on equity of 6.81% and a negative net margin of 2.10%. The firm had revenue of $102.37 million for the quarter, compared to analysts’ expectations of $103.65 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, equities research analysts predict that Potbelly Corp will post 0.29 earnings per share for the current year.

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About Potbelly

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 November 9, 2018, 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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