Potbelly Co. (NASDAQ:PBPB) Major Shareholder David Nierenberg Purchases 7,600 Shares

Potbelly Co. (NASDAQ:PBPB) major shareholder David Nierenberg acquired 7,600 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $9.23 per share, with a total value of $70,148.00. Following the completion of the transaction, the insider now owns 101,998 shares of the company’s stock, valued at approximately $941,441.54. This trade represents a 8.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

David Nierenberg also recently made the following trade(s):

• On Wednesday, December 18th, David Nierenberg bought 4,740 shares of Potbelly stock. The stock was acquired at an average cost of $9.36 per share, for a total transaction of $44,366.40.

Potbelly Trading Up 0.7 %

Shares of NASDAQ PBPB opened at $9.07 on Friday. Potbelly Co. has a fifty-two week low of $6.28 and a fifty-two week high of $14.36. The firm has a market capitalization of $271.53 million, a P/E ratio of 7.26 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43. The company’s 50 day simple moving average is $9.62 and its 200 day simple moving average is $8.41.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC increased its holdings in Potbelly by 17.7% in the second quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company’s stock valued at $8,121,000 after purchasing an additional 152,200 shares during the last quarter. Portolan Capital Management LLC grew its position in shares of Potbelly by 21.7% during the 3rd quarter. Portolan Capital Management LLC now owns 902,529 shares of the company’s stock worth $7,527,000 after buying an additional 160,763 shares during the period. Geode Capital Management LLC increased its stake in shares of Potbelly by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 608,336 shares of the company’s stock valued at $5,074,000 after acquiring an additional 21,188 shares during the last quarter. State Street Corp raised its position in shares of Potbelly by 1.4% in the 3rd quarter. State Street Corp now owns 498,915 shares of the company’s stock valued at $4,161,000 after acquiring an additional 7,022 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in Potbelly by 29.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company’s stock worth $3,169,000 after acquiring an additional 86,445 shares during the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

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.