Victory Capital Management Inc. Has $534,000 Position in Potbelly Co. (NASDAQ:PBPB)

Victory Capital Management Inc. boosted its position in shares of Potbelly Co. (NASDAQ:PBPB) by 14.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,500 shares of the company’s stock after purchasing an additional 8,484 shares during the quarter. Victory Capital Management Inc. owned 0.22% of Potbelly worth $534,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Hodges Capital Management Inc. grew its holdings in Potbelly by 152.1% during the second quarter. Hodges Capital Management Inc. now owns 293,570 shares of the company’s stock valued at $2,357,000 after purchasing an additional 177,100 shares during the period. Rhumbline Advisers grew its holdings in Potbelly by 21.6% during the second quarter. Rhumbline Advisers now owns 35,146 shares of the company’s stock valued at $282,000 after purchasing an additional 6,239 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Potbelly by 9,350.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,844 shares of the company’s stock valued at $63,000 after purchasing an additional 7,761 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Potbelly by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 85,048 shares of the company’s stock valued at $683,000 after buying an additional 7,012 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Potbelly by 10.0% in the second quarter. Assenagon Asset Management S.A. now owns 153,415 shares of the company’s stock valued at $1,232,000 after buying an additional 13,955 shares during the period. Institutional investors and hedge funds own 72.60% of the company’s stock.

Potbelly Stock Performance

Shares of PBPB stock opened at $8.22 on Monday. The company’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $8.88. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm has a market cap of $245.30 million, a PE ratio of 68.50 and a beta of 1.18. Potbelly Co. has a 12 month low of $6.28 and a 12 month high of $14.36.

Potbelly (NASDAQ:PBPB) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $119.70 million for the quarter, compared to analyst estimates of $119.00 million. Potbelly had a net margin of 7.58% and a return on equity of 21.42%. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Equities research analysts expect that Potbelly Co. will post 0.2 EPS for the current fiscal year.

Insider Transactions at Potbelly

In other Potbelly news, major shareholder Nierenberg Investment Manageme acquired 23,394 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $6.62 per share, with a total value of $154,868.28. Following the completion of the transaction, the insider now directly owns 1,561,985 shares in the company, valued at approximately $10,340,340.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $16.00 price target on shares of Potbelly in a report on Monday, August 12th. Craig Hallum reduced their price target on shares of Potbelly from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

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.