Legato Capital Management LLC Takes $626,000 Position in Potbelly Corporation (NASDAQ:PBPB)

Legato Capital Management LLC purchased a new position in shares of Potbelly Corporation (NASDAQ:PBPB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 65,862 shares of the company's stock, valued at approximately $626,000. Legato Capital Management LLC owned approximately 0.22% of Potbelly at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PBPB. Marshall Wace LLP lifted its position in Potbelly by 758.4% during the fourth quarter. Marshall Wace LLP now owns 195,775 shares of the company's stock valued at $1,844,000 after buying an additional 172,969 shares in the last quarter. Vantage Consulting Group Inc bought a new stake in shares of Potbelly in the fourth quarter worth $1,553,000. American Century Companies Inc. increased its stake in Potbelly by 139.3% during the fourth quarter. American Century Companies Inc. now owns 147,147 shares of the company's stock valued at $1,386,000 after purchasing an additional 85,651 shares during the last quarter. Portolan Capital Management LLC increased its stake in Potbelly by 9.3% during the fourth quarter. Portolan Capital Management LLC now owns 986,277 shares of the company's stock valued at $9,291,000 after purchasing an additional 83,748 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Potbelly during the fourth quarter valued at $471,000. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Potbelly from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Benchmark boosted their price objective on Potbelly from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th.

Potbelly Stock Down 0.6%

Shares of NASDAQ PBPB traded down $0.08 during trading hours on Friday, hitting $12.56. The stock had a trading volume of 171,651 shares, compared to its average volume of 247,556. The company has a market capitalization of $378.94 million, a P/E ratio of 8.97 and a beta of 1.69. The firm's 50-day moving average price is $11.54 and its two-hundred day moving average price is $10.69. Potbelly Corporation has a 52 week low of $6.28 and a 52 week high of $13.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.48 and a current ratio of 0.53.

About Potbelly

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.