American Century Companies Inc. Boosts Stock Holdings in Potbelly Co. (NASDAQ:PBPB)

American Century Companies Inc. boosted its position in Potbelly Co. (NASDAQ:PBPB - Free Report) by 139.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,147 shares of the company's stock after buying an additional 85,651 shares during the quarter. American Century Companies Inc. owned approximately 0.49% of Potbelly worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its position in shares of Potbelly by 4.4% in the fourth quarter. First Eagle Investment Management LLC now owns 1,160,828 shares of the company's stock valued at $10,935,000 after purchasing an additional 49,000 shares in the last quarter. Geode Capital Management LLC grew its stake in Potbelly by 3.6% during the third 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 in the last quarter. Hodges Capital Management Inc. increased its holdings in Potbelly by 42.1% during the 4th quarter. Hodges Capital Management Inc. now owns 539,915 shares of the company's stock worth $5,086,000 after acquiring an additional 159,900 shares during the period. Monimus Capital Management LP purchased a new position in shares of Potbelly during the 4th quarter valued at $4,901,000. Finally, State Street Corp raised its position in shares of Potbelly by 1.4% in the third quarter. State Street Corp now owns 498,915 shares of the company's stock worth $4,161,000 after buying an additional 7,022 shares in the last quarter. Institutional investors own 72.60% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder David Nierenberg acquired 22,169 shares of the stock in a transaction on Friday, March 28th. The stock was acquired at an average price of $9.36 per share, with a total value of $207,501.84. Following the completion of the transaction, the insider now owns 124,167 shares of the company's stock, valued at $1,162,203.12. This represents a 21.73 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. William Blair reissued a "market perform" rating on shares of Potbelly in a report on Thursday, March 20th. StockNews.com lowered Potbelly from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Benchmark reiterated a "buy" rating and set a $16.00 price objective on shares of Potbelly in a research report on Friday, March 7th.

Potbelly Trading Up 0.7 %

PBPB traded up $0.06 on Tuesday, hitting $8.11. 22,779 shares of the company were exchanged, compared to its average volume of 218,190. The stock has a market capitalization of $244.54 million, a PE ratio of 6.49 and a beta of 1.38. Potbelly Co. has a 12 month low of $6.28 and a 12 month high of $13.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $9.92.

Potbelly 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.