<div id="readability-page-1"><p>Goldman Sachs Group Inc. cut its position in  Potbelly Corporation (NASDAQ:PBPB - Free Report) by 49.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,514 shares of the company's stock after selling 71,710 shares during the quarter. Goldman Sachs Group Inc. owned about 0.24% of Potbelly worth $699,000 at the end of the most recent reporting period.</p><p>Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of  Potbelly by 162.6% in the first quarter. American Century Companies Inc. now owns 386,430 shares of the company's stock valued at $3,675,000 after acquiring an additional 239,283 shares during the period.  Essex Investment Management Co. LLC acquired a new stake in  Potbelly in the 1st quarter worth about $2,110,000.  Deutsche Bank AG raised its stake in  Potbelly by 35.8% in the 4th quarter. Deutsche Bank AG now owns 24,997 shares of the company's stock worth $235,000 after purchasing an additional 6,594 shares in the last quarter.  Nuveen LLC bought a new stake in  Potbelly in the 1st quarter valued at about $2,882,000.  Finally, CenterBook Partners LP acquired a new position in shares of  Potbelly during the 1st quarter worth approximately $2,873,000. Institutional investors own  72.60% of the company's stock. </p><h2>Potbelly Price Performance</h2><p>Shares of PBPB opened at $17.04 on Thursday. The firm has a 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $11.26. Potbelly Corporation has a one year low of $7.27 and a one year high of $17.06. The company has a market cap of $515.63 million, a P/E ratio of 48.69 and a beta of 1.50. </p><p>Potbelly (NASDAQ:PBPB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Potbelly had a return on equity of 16.31% and a net margin of 2.30%.The company had revenue of $123.71 million for 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 fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>PBPB has been the subject of a number of analyst reports. Benchmark downgraded shares of Potbelly from a &#34;buy&#34; rating to a &#34;hold&#34; rating and set a $18.00 price target for the company. in a research report on Friday, September 12th. Craig Hallum cut Potbelly from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating and set a $17.12 price objective for the company. in a report on Wednesday, September 10th. Finally, Lake Street Capital downgraded Potbelly from a &#34;buy&#34; rating to a &#34;hold&#34; rating and upped their target price for the company from $15.00 to $17.12 in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Hold rating,  According to MarketBeat.com, the company  has a consensus rating of &#34;Hold&#34; and an average target price of $17.41.</p><p><b>Get Our Latest Stock Report on Potbelly</b></p><h2>Potbelly Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Potbelly</li><li>Following Congress Stock Trades</li><li>Cybersecurity Market Set to Double: This ETF Offers Exposure</li><li>How to Use the MarketBeat Stock Screener </li><li>Downgraded But Not Done: 3 Stocks Ready for a Market Comeback</li><li>What is Forex and How Does it Work? </li><li>Solana Beat BTC and ETH in Q3: These 3 Stocks Saw It Coming</li></ul><p><strong>Want to see what other hedge funds are holding PBPB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potbelly Corporation (NASDAQ:PBPB - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEJQQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEJQQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Potbelly Right Now?</h2><p>Before you consider Potbelly, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Potbelly wasn't on the list.</p><p>While Potbelly currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PBPB

<p>Goldman Sachs Group Inc. reduced its stake in Potbelly Corporation (NASDAQ:PBPB) by 49.4% in Q1, now holding 73,514 shares valued at $699,000. Other investors, including American Century Companies and Essex Investment Management, have also adjusted their positions. Potbelly's stock opened at $17.04, with a market cap of $515.63 million and a P/E ratio of 48.69. Analysts have rated the stock as 'Hold' with an average target price of $17.41, following recent earnings that exceeded expectations.</p>

Goldman Sachs Group Inc. Has $699,000 Position in Potbelly Corporation $PBPB