Assenagon Asset Management SA buys 13,955 shares of Potbelly Co. (NASDAQ:PBPB)

Assenagon Asset Management SA grew its stake in Potbelly Co. (NASDAQ:PBPB – Free Report) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,415 shares of the company’s stock after purchasing an additional 13,955 shares during the quarter. Assenagon Asset Management SA’s holdings in Potbelly were worth $1,232,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PBPB. New York State Common Retirement Fund boosted its position in shares of Potbelly by 722.7% during the fourth quarter. New York State Common Retirement Fund now owns 9,436 shares of the company’s stock worth $98,000 after purchasing an additional 8,289 shares during the period. Russell Investments Group Ltd. boosted its position in Potbelly by 75.8% during the 4th quarter. Russell Investments Group Ltd. now owns 92,566 shares of the company’s stock worth $965,000 after acquiring an additional 39,898 shares in the the last quarter. Los Angeles Capital Management LLC boosted its position in Potbelly by 72.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 188,995 shares of the company’s stock worth $1,969,000 after acquiring an additional 79,449 shares during the period. shares in the last quarter. AJOVista LLC bought a new position in shares of Potbelly in the 4th quarter valued at approximately $35,000. Finally, Boston Partners purchased a new stake in shares of Potbelly in the fourth quarter valued at about $790,000. Institutional investors own 72.60% of the company’s shares.

Changes in Analyst Ratings

PBPB has been the subject of several analyst reports. Craig Hallum cut their price target on shares of Potbelly from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Check out our latest research report on PBPB

Insider buying and selling

In other Potbelly news, major shareholder Nierenberg Investment Manageme purchased 23,394 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $6.62 per share, for a total transaction of $154,868.28. Following the completion of the purchase, the insider now directly owns 1,561,985 shares of the company’s stock, valued at $10,340,340.70. The transaction was disclosed in a filing with the SEC, which is available via this link. 9.10% of shares are currently owned by corporate insiders.

Potbelly Price Performance

NASDAQ:PBPB opened at $7.88 on Friday. The stock has a market cap of $235.93 million, a PE ratio of 65.67 and a beta of 1.16. Potbelly Co. has a 1 year low of $6.28 and a 1 year high of $14.36. The firm has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $9.70. The company has a current ratio of 0.45, a quick ratio of 0.39, and a debt-to-equity ratio of 0.08.

Potbelly (NASDAQ:PBPB – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $119.70 million during the quarter, compared to the consensus estimate of $119.00 million. Potbelly had a net margin of 7.58% and a return on equity of 21.42%. In the same quarter last year, the firm posted EPS of $0.07. On average, research analysts expect that Potbelly Co. to record 0.2 EPS for the current fiscal year.

Potbelly Company Profile

(Free report)

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.

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