GSA Capital Partners LLP Buys 12,758 Shares of Potbelly Co. (NASDAQ:PBPB)

GSA Capital Partners LLP grew its stake in shares of Potbelly Co. (NASDAQ:PBPB) by 17.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,121 shares of the company’s stock after buying an additional 12,758 shares during the quarter. GSA Capital Partners LLP owned approximately 0.29% of Potbelly worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AJOVista LLC bought a new stake in shares of Potbelly during the fourth quarter worth $35,000. Tower Research Capital LLC TRC grew its stake in shares of Potbelly by 464.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,229 shares of the company’s stock worth $65,000 after purchasing an additional 5,126 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Potbelly by 722.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,436 shares of the company’s stock worth $98,000 after purchasing an additional 8,289 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Potbelly in the fourth quarter worth $216,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Potbelly by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 22,385 shares of the company’s stock worth $271,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors own 72.60% of the company’s stock.

Potbelly Stock Down 5.5 %

Shares of Potbelly stock traded down $0.40 during trading on Wednesday, reaching $6.82. 80,327 shares of the company traded hands, compared to its average volume of 257,079. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.43. Potbelly Co. has a 1-year low of $6.79 and a 1-year high of $14.36. The company has a 50 day moving average price of $8.37 and a 200-day moving average price of $10.68. The firm has a market capitalization of $203.51 million, a PE ratio of 56.92 and a beta of 1.16.

Potbelly (NASDAQ:PBPB) last released its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Potbelly had a net margin of 0.76% and a return on equity of 36.44%. The company had revenue of $111.15 million for the quarter, compared to the consensus estimate of $106.80 million. As a group, equities research analysts expect that Potbelly Co. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Potbelly in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Potbelly has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.