Quadrature Capital Ltd Takes $216,000 Position in Potbelly Co. (NASDAQ:PBPB)

Quadrature Capital Ltd bought a new stake in shares of Potbelly Co. (NASDAQ:PBPB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,802 shares of the company’s stock, valued at approximately $216,000. Quadrature Capital Ltd owned approximately 0.07% of Potbelly at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in shares of Potbelly by 464.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,229 shares of the company’s stock valued at $65,000 after acquiring an additional 5,126 shares in the last quarter. Boston Partners acquired a new stake in shares of Potbelly during the fourth quarter valued at about $790,000. Russell Investments Group Ltd. grew its stake in shares of Potbelly by 75.8% during the fourth quarter. Russell Investments Group Ltd. now owns 92,566 shares of the company’s stock valued at $965,000 after acquiring an additional 39,898 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Potbelly by 73.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 45,269 shares of the company’s stock valued at $472,000 after acquiring an additional 19,118 shares in the last quarter. Finally, New York State Common Retirement Fund lifted 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 last quarter. 72.60% of the stock is currently owned by institutional investors and hedge funds.

Potbelly Stock Performance

Shares of PBPB stock opened at $7.83 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $8.84 and a two-hundred day moving average of $10.79. Potbelly Co. has a 52 week low of $7.12 and a 52 week high of $14.36. The company has a market cap of $233.65 million, a P/E ratio of 65.25 and a beta of 1.15.

Potbelly (NASDAQ:PBPB) last issued its earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Potbelly had a return on equity of 36.44% and a net margin of 0.76%. The company had revenue of $111.15 million during the quarter, compared to the consensus estimate of $106.80 million. As a group, analysts anticipate that Potbelly Co. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. William Blair reissued a “market perform” rating on shares of Potbelly in a report on Friday, March 8th. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.