GSA Capital Partners LLP Acquires 6,997 Shares of Potbelly Co. (NASDAQ:PBPB)

GSA Capital Partners LLP boosted its holdings in Potbelly Co. (NASDAQ:PBPB) by 8.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 94,765 shares of the company’s stock after purchasing an additional 6,997 shares during the quarter. GSA Capital Partners LLP’s holdings in Potbelly were worth $790,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC bought a new position in shares of Potbelly in the first quarter valued at approximately $5,820,000. Russell Investments Group Ltd. lifted its stake in Potbelly by 224.9% during the 1st quarter. Russell Investments Group Ltd. now owns 300,736 shares of the company’s stock valued at $3,642,000 after acquiring an additional 208,170 shares in the last quarter. Western Standard LLC purchased a new position in Potbelly during the 1st quarter worth $2,208,000. Hodges Capital Management Inc. grew its stake in shares of Potbelly by 152.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 293,570 shares of the company’s stock worth $2,357,000 after acquiring an additional 177,100 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Potbelly by 17.7% in the second quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company’s stock valued at $8,121,000 after purchasing an additional 152,200 shares during the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

Potbelly Stock Performance

NASDAQ PBPB opened at $10.11 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. The company has a market capitalization of $302.66 million, a PE ratio of 8.09 and a beta of 1.21. Potbelly Co. has a 52-week low of $6.28 and a 52-week high of $14.36. The company has a 50-day simple moving average of $8.32 and a 200 day simple moving average of $8.09.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PBPB shares. Craig Hallum cut their price target on shares of Potbelly from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $16.00 target price on shares of Potbelly in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

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.