Potbelly Co. (NASDAQ:PBPB) Major Shareholder David Nierenberg Purchases 4,740 Shares

Potbelly Co. (NASDAQ:PBPB) major shareholder David Nierenberg purchased 4,740 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of $9.36 per share, for a total transaction of $44,366.40. Following the transaction, the insider now directly owns 3,150 shares in the company, valued at approximately $29,484. The trade was a -298.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Potbelly Stock Performance

Shares of NASDAQ PBPB traded down $0.05 during trading on Friday, reaching $9.02. 187,974 shares of the stock traded hands, compared to its average volume of 218,885. Potbelly Co. has a 52-week low of $6.28 and a 52-week high of $14.36. 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 has a 50-day moving average of $9.22 and a 200-day moving average of $8.25. The stock has a market capitalization of $270.03 million, a P/E ratio of 7.22 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. XTX Topco Ltd lifted its holdings in Potbelly by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 31,984 shares of the company’s stock worth $267,000 after purchasing an additional 1,456 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Potbelly during the 2nd quarter worth about $25,000. American Century Companies Inc. lifted its holdings in Potbelly by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 55,969 shares of the company’s stock worth $449,000 after purchasing an additional 3,999 shares in the last quarter. Quest Partners LLC lifted its holdings in Potbelly by 47.9% during the 2nd quarter. Quest Partners LLC now owns 15,804 shares of the company’s stock worth $127,000 after purchasing an additional 5,118 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Potbelly by 21.6% during the 2nd quarter. Rhumbline Advisers now owns 35,146 shares of the company’s stock worth $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

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.