Algert Global buys $1,903,103 stake in Potbelly Corp (PBPB)

Potbelly Corp (PBPB) : Algert Global scooped up 136,899 additional shares in Potbelly Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 147,299 shares of Potbelly Corp which is valued at $1,903,103.Potbelly Corp makes up approximately 0.56% of Algert Global’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in PBPB by selling 1,500 shares or 23.16% in the most recent quarter. The Hedge Fund company now holds 4,978 shares of PBPB which is valued at $65,112.Bnp Paribas Arbitrage Sa boosted its stake in PBPB in the latest quarter, The investment management firm added 1,011 additional shares and now holds a total of 2,002 shares of Potbelly Corp which is valued at $26,506.

Potbelly Corp closed down -0.16 points or -1.22% at $12.92 with 81,695 shares getting traded on Tuesday. Post opening the session at $13.09, the shares hit an intraday low of $12.9 and an intraday high of $13.09 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Potbelly Corp reported $0.13 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $105.00 million for the quarter, compared to analysts expectations of $105.67 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Potbelly Corp. Maxim Group Initiated Potbelly Corp on Sep 30, 2016 to “Hold”, Price Target of the shares are set at $14.Shares were Downgraded by Robert W. Baird on Aug 1, 2016 to ” Neutral” and Lowered the Price Target to $ 13 from a previous price target of $16 .

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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