Los Angeles Capital Management LLC Grows Stock Position in Potbelly Co. (NASDAQ:PBPB)

Los Angeles Capital Management LLC raised its stake in Potbelly Co. (NASDAQ:PBPB) by 72.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,995 shares of the company’s stock after purchasing an additional 79,449 shares during the period. Los Angeles Capital Management LLC owned about 0.64% of Potbelly worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in PBPB. Allspring Global Investments Holdings LLC acquired a new stake in Potbelly in the third quarter valued at $37,000. New York State Common Retirement Fund raised its position in shares of Potbelly by 722.7% during the 4th quarter. New York State Common Retirement Fund now owns 9,436 shares of the company’s stock worth $98,000 after acquiring an additional 8,289 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Potbelly during the third quarter worth approximately $375,000. Ancora Advisors LLC purchased a new stake in Potbelly during the third quarter worth approximately $775,000. Finally, Russell Investments Group Ltd. boosted its holdings in Potbelly by 75.8% in the fourth quarter. Russell Investments Group Ltd. now owns 92,566 shares of the company’s stock valued at $965,000 after purchasing an additional 39,898 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Potbelly Stock Down 0.8 %

PBPB stock opened at $9.76 on Wednesday. Potbelly Co. has a one year low of $7.12 and a one year high of $14.36. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.70 and a current ratio of 0.75. The company has a fifty day moving average of $11.45 and a 200-day moving average of $11.06. The stock has a market capitalization of $289.68 million, a PE ratio of 61.00 and a beta of 1.36.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Potbelly had a net margin of 1.04% and a return on equity of 50.06%. The firm had revenue of $125.75 million during the quarter, compared to the consensus estimate of $125.80 million. As a group, analysts expect that Potbelly Co. will post 0.18 EPS for the current year.

Analyst Ratings Changes

PBPB has been the topic of a number of research analyst reports. StockNews.com cut shares of Potbelly from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. William Blair reissued a “market perform” rating on shares of Potbelly in a research report on Friday, March 8th. Finally, Benchmark raised Potbelly from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.67.

Potbelly Company Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.