Hodges Capital Management Inc. Makes New Investment in Potbelly Co. (NASDAQ:PBPB)

Hodges Capital Management Inc. acquired a new position in Potbelly Co. (NASDAQ:PBPB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 116,470 shares of the company’s stock, valued at approximately $1,411,000. Hodges Capital Management Inc. owned approximately 0.39% of Potbelly as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PBPB. AJOVista LLC purchased a new position in shares of Potbelly in the 4th quarter worth $35,000. Tower Research Capital LLC TRC lifted its holdings in shares of Potbelly by 464.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,229 shares of the company’s stock worth $65,000 after acquiring an additional 5,126 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Potbelly by 722.7% in 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 during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Potbelly in the 4th quarter worth about $216,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Potbelly by 73.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 45,269 shares of the company’s stock worth $472,000 after acquiring an additional 19,118 shares during the last quarter. 72.60% of the stock is owned by hedge funds and other institutional investors.

Potbelly Trading Up 2.6 %

Shares of PBPB opened at $8.03 on Friday. Potbelly Co. has a 1-year low of $7.12 and a 1-year high of $14.36. The company has a 50-day moving average of $8.80 and a 200 day moving average of $10.79. The firm has a market capitalization of $239.62 million, a price-to-earnings ratio of 66.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.43.

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

Wall Street Analyst Weigh In

PBPB has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of Potbelly in a report on Tuesday, May 28th. William Blair reiterated a “market perform” rating on shares of Potbelly in a report on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

About Potbelly

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.