Bank of New York Mellon Corp Grows Stake in Potbelly Corporation (NASDAQ:PBPB)

Bank of New York Mellon Corp boosted its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,000 shares of the company’s stock after acquiring an additional 1,662 shares during the period. Bank of New York Mellon Corp owned 0.22% of Potbelly worth $628,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State of Wyoming grew its stake in Potbelly by 14.3% during the 4th quarter. State of Wyoming now owns 7,012 shares of the company’s stock valued at $66,000 after acquiring an additional 876 shares in the last quarter. Rhumbline Advisers grew its stake in Potbelly by 5.7% during the 1st quarter. Rhumbline Advisers now owns 38,872 shares of the company’s stock valued at $370,000 after acquiring an additional 2,108 shares in the last quarter. Bank of America Corp DE grew its stake in Potbelly by 10.5% during the 4th quarter. Bank of America Corp DE now owns 25,491 shares of the company’s stock valued at $240,000 after acquiring an additional 2,418 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Potbelly in the 4th quarter valued at about $27,000. Finally, Barclays PLC boosted its holdings in Potbelly by 9.3% in the 4th quarter. Barclays PLC now owns 43,480 shares of the company’s stock valued at $410,000 after purchasing an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Potbelly Trading Down 4.6%

Shares of NASDAQ:PBPB opened at $11.48 on Friday. Potbelly Corporation has a 52 week low of $6.28 and a 52 week high of $13.48. The company’s 50 day moving average is $11.78 and its two-hundred day moving average is $10.80. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.08. The company has a market cap of $346.35 million, a PE ratio of 8.20 and a beta of 1.55.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PBPB shares. Wall Street Zen lowered shares of Potbelly from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Benchmark boosted their target price on shares of Potbelly from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, June 18th.

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.