Institutional Investors Love Potbelly Corp (NASDAQ:PBPB)

July 27, 2018 - By Kristin Houston

Potbelly Corporation (NASDAQ:PBPB) Logo

Sentiment for Potbelly Corp (NASDAQ:PBPB)

Potbelly Corp (NASDAQ:PBPB) institutional sentiment increased to 1.21 in 2018 Q1. Its up 0.11, from 1.1 in 2017Q4. The ratio is positive, as 40 investment managers started new and increased stock positions, while 33 cut down and sold their stakes in Potbelly Corp. The investment managers in our partner’s database now possess: 15.88 million shares, down from 16.11 million shares in 2017Q4. Also, the number of investment managers holding Potbelly Corp in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 11 Reduced: 22 Increased: 24 New Position: 16.

Potbelly Corporation, through its subsidiaries, owns and operates Potbelly Sandwich Works sandwich shops in the United States. The company has market cap of $323.17 million. It also sells and administers franchises of Potbelly Sandwich Works sandwich shops. It currently has negative earnings. As of December 25, 2016, the firm operated 441 shops in 29 states and the District of Columbia, including 411 firm operated shops and 30 franchisees operated shops; and 13 international franchised shops, including 11 shops in the Middle East, 1 shop in the United Kingdom, and 1 shop in Canada.

The stock increased 0.79% or $0.1 during the last trading session, reaching $12.7. About 68,777 shares traded. Potbelly Corporation (NASDAQ:PBPB) has risen 23.26% since July 27, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Analysts await Potbelly Corporation (NASDAQ:PBPB) to report earnings on August, 3. They expect $0.13 earnings per share, up 18.18 % or $0.02 from last year’s $0.11 per share. PBPB’s profit will be $3.31M for 24.42 P/E if the $0.13 EPS becomes a reality. After $0.03 actual earnings per share reported by Potbelly Corporation for the previous quarter, Wall Street now forecasts 333.33 % EPS growth.

Cmt Asset Management Ltd holds 7.86% of its portfolio in Potbelly Corporation for 29,270 shares. Cmt Trading Llc owns 50,039 shares or 2.24% of their US portfolio. Moreover, Ancora Advisors Llc has 0.65% invested in the company for 1.19 million shares. The Ohio-based American Financial Group Inc has invested 0.23% in the stock. Stephens Investment Management Group Llc, a Texas-based fund reported 658,586 shares.

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $652,689 activity.

More news for Potbelly Corporation (NASDAQ:PBPB) were recently published by: Gurufocus.com, which released: “Potbelly Corporation Announces Conference Call to Discuss Second Quarter 2018 Results” on July 25, 2018. Seekingalpha.com‘s article titled: “Potbelly to revamp menu” and published on July 18, 2018 is yet another important article.

Potbelly Corporation (NASDAQ:PBPB) Institutional Positions Chart

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