Potbelly Co. (NASDAQ:PBPB) Major Shareholder Buys $70,148.00 in Stock

Potbelly Co. (NASDAQ:PBPB) major shareholder David Nierenberg purchased 7,600 shares of Potbelly stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of $9.23 per share, for a total transaction of $70,148.00. Following the completion of the transaction, the insider now owns 101,998 shares of the company’s stock, valued at $941,441.54. This represents a 8.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% 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 acquired 4,740 shares of Potbelly stock. The shares were purchased at an average price of $9.36 per share, for a total transaction of $44,366.40.

Potbelly Stock Up 0.7 %

Shares of PBPB traded up $0.06 during mid-day trading on Friday, reaching $9.07. 173,606 shares of the stock traded hands, compared to its average volume of 119,068. The firm has a market cap of $271.53 million, a price-to-earnings ratio of 7.26 and a beta of 1.32. The stock has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $8.39. Potbelly Co. has a 12-month low of $6.28 and a 12-month high of $14.36. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.06.

Institutional Trading of Potbelly

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of Potbelly in the second quarter worth $25,000. FMR LLC increased its stake in shares of Potbelly by 1,101.9% in the third quarter. FMR LLC now owns 8,678 shares of the company’s stock worth $72,000 after buying an additional 7,956 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Potbelly in the second quarter worth $86,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Potbelly during the third quarter valued at $87,000. Finally, Quarry LP increased its stake in Potbelly by 662.9% during the third quarter. Quarry LP now owns 10,925 shares of the company’s stock valued at $91,000 after purchasing an additional 9,493 shares during the last quarter. 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.