Deutsche Bank AG Has $207,000 Position in Potbelly Corporation $PBPB

Deutsche Bank AG reduced its holdings in Potbelly Corporation (NASDAQ:PBPB) by 13.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,742 shares of the company’s stock after selling 3,255 shares during the quarter. Deutsche Bank AG owned about 0.07% of Potbelly worth $207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PBPB. Aquatic Capital Management LLC bought a new stake in shares of Potbelly in the fourth quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in shares of Potbelly by 2,637.9% in the first quarter. GAMMA Investing LLC now owns 7,009 shares of the company’s stock valued at $737,000 after buying an additional 6,753 shares during the period. State of Wyoming lifted 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 valued at $66,000 after buying an additional 876 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Potbelly in the fourth quarter valued at about $98,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Potbelly by 50.6% in the fourth quarter. Wells Fargo & Company MN now owns 12,883 shares of the company’s stock valued at $121,000 after buying an additional 4,328 shares during the period. 72.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Potbelly Stock Down 0.6%

Shares of PBPB opened at $12.94 on Friday. The stock has a market cap of $391.56 million, a price-to-earnings ratio of 36.97 and a beta of 1.55. The company has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $10.85. Potbelly Corporation has a 12 month low of $7.27 and a 12 month high of $13.67.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $123.71 million during the quarter, compared to analyst estimates of $122.65 million. Potbelly had a net margin of 2.30% and a return on equity of 16.31%. Equities research analysts expect that Potbelly Corporation will post 0.24 EPS for the current fiscal year.

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.