Campbell & CO Investment Adviser LLC Increases Stock Holdings in Potbelly Co. (NASDAQ:PBPB)

Campbell & CO Investment Adviser LLC lifted its stake in shares of Potbelly Co. (NASDAQ:PBPBFree Report) by 73.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,269 shares of the company’s stock after buying an additional 19,118 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.15% of Potbelly worth $472,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PBPB. Millrace Asset Group Inc. purchased a new stake in Potbelly in the fourth quarter valued at $1,391,000. First Eagle Investment Management LLC boosted its position in shares of Potbelly by 10.4% in the 4th quarter. First Eagle Investment Management LLC now owns 814,728 shares of the company’s stock valued at $8,489,000 after purchasing an additional 76,748 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Potbelly by 17.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 56,722 shares of the company’s stock valued at $591,000 after purchasing an additional 8,586 shares during the period. Boston Partners purchased a new position in Potbelly during the 4th quarter worth approximately $790,000. Finally, AJOVista LLC acquired a new position in Potbelly during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

Potbelly Price Performance

Shares of NASDAQ PBPB opened at $7.95 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.43. The company has a market cap of $237.23 million, a PE ratio of 66.29 and a beta of 1.15. The stock has a fifty day moving average price of $9.69 and a 200 day moving average price of $10.96. Potbelly Co. has a 1-year low of $7.12 and a 1-year high of $14.36.

Potbelly (NASDAQ:PBPBGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, topping 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 company had revenue of $111.15 million during the quarter, compared to analysts’ expectations of $106.80 million. Sell-side analysts forecast that Potbelly Co. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

PBPB has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a report on Tuesday, May 28th. William Blair reissued a “market perform” rating on shares of Potbelly in a research report on Friday, March 8th. Finally, StockNews.com cut shares of Potbelly from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.00.

View Our Latest Stock Analysis on PBPB

About Potbelly

(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.

Further Reading

Institutional Ownership by Quarter for Potbelly (NASDAQ:PBPB)

Receive News & Ratings for Potbelly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly and related companies with MarketBeat.com's FREE daily email newsletter.