XTX Topco Ltd Has $107,000 Stock Holdings in Potbelly Corporation (NASDAQ:PBPB)

Key Points

• XTX Topco Ltd reduced its stake in Potbelly Corporation by 70.6% in Q1, now holding shares worth $107,000 after selling 26,987 shares.
• Several institutional investors have changed their positions in Potbelly, with Essex Investment Management Co. LLC investing $2.11 million and Marshall Wace LLP increasing its stake by 758.4%.
• Potbelly reported earnings of $0.09 per share in its last quarter, exceeding estimates, with revenue of $123.71 million, above the expected $122.65 million.

XTX Topco Ltd cut its position in Potbelly Corporation (NASDAQ:PBPB - Free Report) by 70.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,255 shares of the company's stock after selling 26,987 shares during the period. XTX Topco Ltd's holdings in Potbelly were worth $107,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Essex Investment Management Co. LLC bought a new position in shares of Potbelly during the 1st quarter worth approximately $2,110,000. Marshall Wace LLP lifted its stake in Potbelly by 758.4% in the fourth quarter. Marshall Wace LLP now owns 195,775 shares of the company's stock valued at $1,844,000 after purchasing an additional 172,969 shares during the last quarter. Legato Capital Management LLC bought a new position in Potbelly during the first quarter valued at $626,000. Cubist Systematic Strategies LLC bought a new position in Potbelly during the fourth quarter valued at $471,000. Finally, JPMorgan Chase & Co. grew its holdings in Potbelly by 46.3% during the fourth quarter. JPMorgan Chase & Co. now owns 98,124 shares of the company's stock valued at $924,000 after purchasing an additional 31,071 shares during the period. Institutional investors own 72.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PBPB shares. Wall Street Zen lowered Potbelly from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Benchmark increased their price objective on Potbelly from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th.

Potbelly Price Performance

PBPB opened at $12.46 on Friday. The company has a fifty day moving average price of $12.08 and a 200-day moving average price of $10.86. The firm has a market capitalization of $377.04 million, a P/E ratio of 35.60 and a beta of 1.55. Potbelly Corporation has a one year low of $7.27 and a one year high of $13.67.

Potbelly (NASDAQ:PBPB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Potbelly had a net margin of 2.30% and a return on equity of 16.31%. The company had revenue of $123.71 million during the quarter, compared to analyst estimates of $122.65 million. On average, analysts expect that Potbelly Corporation will post 0.24 earnings per share for the current year.

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.

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