The Foxes have won just two of their last eight games, allowing Peterborough to track them down at the top of the table, cutting the deficit between the two to just two points.
But they remain overwhelming favourites to finish in the top two and on-loan Liverpool defender Hobbs is confident that they can get their charge back on track against Hereford this Saturday.
"We're still top where we want to be," the 20-year-old told Leicester's official website.
"It's in our hands and we're looking forward to wrapping up the season but we have got to make sure the focus and the attitude is right to go and pick up three points (at Hereford).
"There are no easy games at this point of the season. If we go there and stamp out authority on the game we'll be alright."