American Century Companies Inc. Acquires 239,283 Shares of Potbelly Corporation $PBPB

American Century Companies Inc. boosted its holdings in shares of Potbelly Corporation (NASDAQ:PBPB) by 162.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 386,430 shares of the company’s stock after purchasing an additional 239,283 shares during the quarter. American Century Companies Inc. owned about 1.28% of Potbelly worth $3,675,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in Potbelly during the 4th quarter valued at approximately $27,000. State of Wyoming lifted its holdings 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 buying an additional 876 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Potbelly during the fourth quarter worth $98,000. Wells Fargo & Company MN grew its stake in Potbelly by 50.6% during the fourth quarter. Wells Fargo & Company MN now owns 12,883 shares of the company’s stock valued at $121,000 after acquiring an additional 4,328 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new stake in Potbelly in the 4th quarter valued at $160,000. 72.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PBPB has been the subject of several research reports. Wall Street Zen downgraded shares of Potbelly from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Benchmark increased their price target on Potbelly from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Potbelly Stock Down 0.6%

PBPB stock opened at $12.94 on Friday. Potbelly Corporation has a 52 week low of $7.27 and a 52 week high of $13.67. The firm has a market capitalization of $391.56 million, a P/E ratio of 36.97 and a beta of 1.55. The company has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $10.85.

Potbelly (NASDAQ:PBPB) last announced its earnings results on Wednesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Potbelly had a net margin of 2.30% and a return on equity of 16.31%. The firm had revenue of $123.71 million for the quarter, compared to analysts’ expectations of $122.65 million. As a group, analysts anticipate that Potbelly Corporation will post 0.24 EPS for the current year.

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.