William Harris Investors Inc Lowers stake in Potbelly Corp (PBPB)

Potbelly Corp (PBPB) : William Harris Investors Inc reduced its stake in Potbelly Corp by 25.32% during the most recent quarter end. The investment management company now holds a total of 998,871 shares of Potbelly Corp which is valued at $13.2 Million after selling 338,730 shares in Potbelly Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Potbelly Corp makes up approximately 3.44% of William Harris Investors Inc’s portfolio.

Other Hedge Funds, Including , Menta Capital added PBPB to its portfolio by purchasing 15,832 company shares during the most recent quarter which is valued at $208,824. Potbelly Corp makes up approx 0.03% of Menta Capital’s portfolio. Ftb Advisors added PBPB to its portfolio by purchasing 1,042 company shares during the most recent quarter which is valued at $13,744.Alambic Investment Management boosted its stake in PBPB in the latest quarter, The investment management firm added 39,600 additional shares and now holds a total of 148,400 shares of Potbelly Corp which is valued at $2 Million. Potbelly Corp makes up approx 0.65% of Alambic Investment Management’s portfolio.Stephens Investment Management Group boosted its stake in PBPB in the latest quarter, The investment management firm added 127,085 additional shares and now holds a total of 1,706,700 shares of Potbelly Corp which is valued at $22.8 Million. Potbelly Corp makes up approx 0.80% of Stephens Investment Management Group’s portfolio.Swiss National Bank boosted its stake in PBPB in the latest quarter, The investment management firm added 6,500 additional shares and now holds a total of 18,800 shares of Potbelly Corp which is valued at $251,168.

Potbelly Corp opened for trading at $13.17 and hit $13.45 on the upside on Monday, eventually ending the session at $13.2, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 1,53,542 shares. Company has a market cap of $343 M.

On the company’s financial health, Potbelly Corp reported $0.04 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.04. The company had revenue of $96.00 million for the quarter, compared to analysts expectations of $96.20 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Potbelly Corp. Potbelly Corp was Upgraded by Piper Jaffray to ” Neutral” on Mar 3, 2016.

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. The Company has a domestic base of around 351 shops in 26 states of the United States and the District of Columbia consisting of approximately 334 Company-operated shops and around 17 franchisee-operated shops. The Company also has around 12 franchised shops in the Middle East. The Company’s menu includes sandwiches salads soups chili sides desserts and in its breakfast locations breakfast sandwiches and steel cut oatmeal. The Company also offers hand-dipped shakes and smoothies. The Company’s cookie offerings include Oatmeal Chocolate Chip Sugar and Chocolate Brownie cookies.

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