Potbelly Corp Institutional Investor Sentiment Improved in 2018 Q1

June 14, 2018 - By Jason Grubb

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 increased, as 40 hedge funds increased or started new positions, while 33 reduced and sold stock positions in Potbelly Corp. The hedge funds in our partner’s database reported: 15.88 million shares, down from 16.11 million shares in 2017Q4. Also, the number of hedge funds holding Potbelly Corp in their top 10 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 $335.25 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 1.74% or $0.23 during the last trading session, reaching $13.18. About 57,355 shares traded. Potbelly Corporation (NASDAQ:PBPB) has risen 23.26% since June 14, 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 $0.12 earnings per share, up 9.09 % or $0.01 from last year’s $0.11 per share. PBPB’s profit will be $3.05M for 27.46 P/E if the $0.12 EPS becomes a reality. After $0.03 actual earnings per share reported by Potbelly Corporation for the previous quarter, Wall Street now forecasts 300.00 % 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 3 selling transactions for $390,689 activity.

More news for Potbelly Corporation (NASDAQ:PBPB) were recently published by: Businesswire.com, which released: “Potbelly Strengthens Leadership Team to Execute Turnaround” on June 11, 2018. Globenewswire.com‘s article titled: “Potbelly Corporation to Participate in Upcoming Investor Conferences” and published on June 04, 2018 is yet another important article.

Potbelly Corporation (NASDAQ:PBPB) Institutional Positions Chart

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