Victory Capital Management Inc. Sells 27,465 Shares of Potbelly Corporation (NASDAQ:PBPB)

Victory Capital Management Inc. decreased its position in Potbelly Corporation (NASDAQ:PBPB) by 27.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,200 shares of the company’s stock after selling 27,465 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of Potbelly worth $706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Potbelly by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 66,000 shares of the company’s stock worth $628,000 after buying an additional 1,662 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Potbelly by 27.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 20,945 shares of the company’s stock valued at $199,000 after purchasing an additional 4,473 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Potbelly by 5.7% in the 1st quarter. Rhumbline Advisers now owns 38,872 shares of the company’s stock worth $370,000 after purchasing an additional 2,108 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Potbelly by 2,637.9% in the 1st quarter. GAMMA Investing LLC now owns 7,009 shares of the company’s stock worth $737,000 after purchasing an additional 6,753 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Potbelly by 14.3% in the fourth quarter. State of Wyoming now owns 7,012 shares of the company’s stock worth $66,000 after purchasing an additional 876 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Benchmark lifted their price objective on Potbelly from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Wall Street Zen lowered shares of Potbelly from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

Potbelly Price Performance

NASDAQ PBPB opened at $11.48 on Friday. The business’s fifty day moving average price is $11.78 and its 200-day moving average price is $10.80. The stock has a market capitalization of $346.35 million, a price-to-earnings ratio of 8.20 and a beta of 1.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.53 and a quick ratio of 0.48. Potbelly Corporation has a 1-year low of $6.28 and a 1-year high of $13.48.

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.