Menta Capital LLC Has $245,000 Position in Potbelly Corp (PBPB)

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Menta Capital LLC lowered its stake in Potbelly Corp (NASDAQ:PBPB) by 31.8% during the fourth quarter, HoldingsChannel reports. The firm owned 30,467 shares of the company’s stock after selling 14,229 shares during the period. Menta Capital LLC’s holdings in Potbelly were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PBPB. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Potbelly during the 4th quarter valued at about $929,000. Vanguard Group Inc grew its stake in Potbelly by 6.1% during the 3rd quarter. Vanguard Group Inc now owns 1,310,489 shares of the company’s stock valued at $16,119,000 after acquiring an additional 75,769 shares in the last quarter. Vanguard Group Inc. grew its stake in Potbelly by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,310,489 shares of the company’s stock valued at $16,119,000 after acquiring an additional 75,769 shares in the last quarter. Summit Global Investments purchased a new position in Potbelly during the 4th quarter valued at about $568,000. Finally, Martingale Asset Management L P purchased a new position in Potbelly during the 4th quarter valued at about $517,000. 72.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on PBPB. Maxim Group reaffirmed a “buy” rating and set a $11.00 target price (down previously 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 target price on Potbelly and gave the company a “sell” rating in a research note on Tuesday, February 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.92.

In related news, SVP Matthew J. Revord sold 18,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 18,010 shares of the company’s stock, valued at approximately $146,781.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 21,800 shares of company stock valued at $177,670. 10.20% of the stock is currently owned by company insiders.

NASDAQ:PBPB opened at $8.45 on Wednesday. Potbelly Corp has a fifty-two week low of $7.71 and a fifty-two week high of $14.15. The stock has a market cap of $204.02 million, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.03.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings results on Monday, February 25th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $102.37 million during the quarter, compared to analysts’ expectations of $103.65 million. Potbelly had a positive return on equity of 6.81% and a negative net margin of 2.10%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. As a group, equities research analysts forecast that Potbelly Corp will post 0.24 earnings per share for the current year.

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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 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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Want to see what other hedge funds are holding PBPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potbelly Corp (NASDAQ:PBPB).

Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

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