Potbelly Co. (NASDAQ:PBPB - Get Free Report) major shareholder David Nierenberg purchased 4,740 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of $9.36 per share, for a total transaction of $44,366.40. Following the acquisition, the insider now directly owns 3,150 shares in the company, valued at $29,484. This trade represents a -298.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Potbelly Stock Performance
NASDAQ:PBPB opened at $9.02 on Friday. The company has a market capitalization of $270.03 million, a P/E ratio of 7.22 and a beta of 1.28. The business has a fifty day simple moving average of $9.22 and a two-hundred day simple moving average of $8.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43. Potbelly Co. has a 1 year low of $6.28 and a 1 year high of $14.36.
Institutional Investors Weigh In On Potbelly
Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its position in shares of Potbelly by 4.8% in the third quarter. XTX Topco Ltd now owns 31,984 shares of the company's stock valued at $267,000 after purchasing an additional 1,456 shares during the period. Meeder Asset Management Inc. bought a new stake in Potbelly during the 2nd quarter valued at $25,000. American Century Companies Inc. lifted its position in shares of Potbelly by 7.7% during the second quarter. American Century Companies Inc. now owns 55,969 shares of the company's stock worth $449,000 after acquiring an additional 3,999 shares in the last quarter. Quest Partners LLC boosted its holdings 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 acquiring an additional 5,118 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Potbelly by 21.6% in the second quarter. Rhumbline Advisers now owns 35,146 shares of the company's stock valued at $282,000 after purchasing an additional 6,239 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company's stock.
Potbelly Company Profile
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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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