Victory Capital Management Inc. Has $843,000 Stake in Potbelly Co. (NASDAQ:PBPB)

Victory Capital Management Inc. increased its holdings in Potbelly Co. (NASDAQ:PBPB) by 51.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,039 shares of the company’s stock after buying an additional 34,539 shares during the period. Victory Capital Management Inc.’s holdings in Potbelly were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Potbelly during the second quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC grew its stake in shares of Potbelly by 9,350.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,844 shares of the company’s stock worth $63,000 after buying an additional 7,761 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Potbelly during the second quarter worth $86,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Potbelly in the third quarter worth $87,000. Finally, Quest Partners LLC grew its stake in shares of Potbelly by 47.9% in the second quarter. Quest Partners LLC now owns 15,804 shares of the company’s stock worth $127,000 after purchasing an additional 5,118 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors and hedge funds.

Potbelly Price Performance

Shares of NASDAQ PBPB opened at $10.20 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. Potbelly Co. has a 1-year low of $6.28 and a 1-year high of $14.36. The firm has a market capitalization of $305.39 million, a P/E ratio of 8.11 and a beta of 1.21. The firm’s 50-day moving average price is $8.62 and its 200-day moving average price is $8.09.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PBPB shares. Craig Hallum reduced their price objective on shares of Potbelly from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $16.00 price objective on shares of Potbelly in a report on Monday, August 12th.

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.