Potbelly Co. (NASDAQ:PBPB) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Potbelly Co. (NASDAQ:PBPB) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,875 shares of the company’s stock after selling 39,730 shares during the quarter. Los Angeles Capital Management LLC owned about 0.31% of Potbelly worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of Potbelly by 1,101.9% during the third quarter. FMR LLC now owns 8,678 shares of the company’s stock worth $72,000 after acquiring an additional 7,956 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Potbelly during the 3rd quarter worth approximately $87,000. Quarry LP raised its stake in shares of Potbelly by 662.9% during the 3rd quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after buying an additional 9,493 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Potbelly in the 4th quarter valued at approximately $121,000. Finally, XTX Topco Ltd boosted its stake 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 buying an additional 1,456 shares in the last quarter. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Potbelly

In related news, major shareholder David Nierenberg acquired 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average price of $9.23 per share, with a total value of $70,148.00. Following the completion of the acquisition, the insider now owns 101,998 shares in the company, valued at approximately $941,441.54. This represents a 8.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Potbelly Trading Up 3.7 %

Shares of PBPB stock opened at $12.75 on Monday. Potbelly Co. has a 1-year low of $6.28 and a 1-year 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 business’s fifty day moving average price is $11.24 and its 200 day moving average price is $9.57. The firm has a market capitalization of $381.70 million, a PE ratio of 10.20 and a beta of 1.34.

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.