279,666 Shares in Potbelly Co. (NASDAQ:PBPB) Purchased by Cerity Partners LLC

Cerity Partners LLC bought a new stake in shares of Potbelly Co. (NASDAQ:PBPB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 279,666 shares of the company’s stock, valued at approximately $2,332,000. Cerity Partners LLC owned 0.93% 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 the business. Hodges Capital Management Inc. lifted its stake in Potbelly by 152.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 293,570 shares of the company’s stock worth $2,357,000 after purchasing an additional 177,100 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Potbelly by 17.7% in the second quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company’s stock valued at $8,121,000 after buying an additional 152,200 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Potbelly in the 2nd quarter worth approximately $1,070,000. Marshall Wace LLP purchased a new position in shares of Potbelly during the second quarter worth $438,000. Finally, Tectonic Advisors LLC grew its position in Potbelly by 73.6% in the 3rd quarter. Tectonic Advisors LLC now owns 95,353 shares of the company’s stock valued at $795,000 after acquiring an additional 40,424 shares in the last quarter. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

Potbelly Stock Performance

Shares of PBPB opened at $10.40 on Monday. Potbelly Co. has a 1 year low of $6.28 and a 1 year high of $14.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. The company’s fifty day moving average is $8.74 and its two-hundred day moving average is $8.13. The stock has a market capitalization of $311.38 million, a P/E ratio of 8.32 and a beta of 1.21.

Analyst Ratings Changes

A number of analysts have recently weighed in on PBPB shares. Craig Hallum cut their price objective on Potbelly from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a report on Monday, August 12th.

Potbelly 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.