Hodges Capital Management Inc. Grows Position in Potbelly Co. (NASDAQ:PBPB)

Hodges Capital Management Inc. lifted its position in shares of Potbelly Co. (NASDAQ:PBPB - Free Report) by 42.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 539,915 shares of the company's stock after acquiring an additional 159,900 shares during the quarter. Hodges Capital Management Inc. owned approximately 1.80% of Potbelly worth $5,086,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PBPB. XTX Topco Ltd grew its stake in Potbelly by 4.8% in the 3rd 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. GSA Capital Partners LLP increased its position in shares of Potbelly by 8.0% during the third quarter. GSA Capital Partners LLP now owns 94,765 shares of the company's stock valued at $790,000 after buying an additional 6,997 shares during the period. State Street Corp lifted its holdings 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. FMR LLC increased its holdings in Potbelly by 1,101.9% during the 3rd 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. Finally, Quarry LP grew its position in shares of Potbelly by 662.9% during the 3rd quarter. Quarry LP now owns 10,925 shares of the company's stock valued at $91,000 after purchasing an additional 9,493 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company's stock.

Potbelly Price Performance

Shares of PBPB stock traded down $0.40 on Thursday, reaching $12.90. The company's stock had a trading volume of 252,748 shares, compared to its average volume of 236,598. The company has a market capitalization of $386.23 million, a P/E ratio of 10.32 and a beta of 1.34. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.06. The stock's 50 day simple moving average is $10.39 and its 200-day simple moving average is $8.95. Potbelly Co. has a 12-month low of $6.28 and a 12-month high of $14.36.

Potbelly (NASDAQ:PBPB - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Potbelly had a net margin of 8.14% and a return on equity of 18.69%. The business had revenue of $115.12 million during the quarter, compared to analysts' expectations of $113.30 million. During the same quarter in the previous year, the company earned $0.04 EPS. As a group, equities analysts predict that Potbelly Co. will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Potbelly

In related news, major shareholder David Nierenberg purchased 4,740 shares of Potbelly stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired 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 $29,484. The trade was a -298.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is owned by insiders.

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.