JPMorgan Chase & Co. Buys 36,930 Shares of Potbelly Co. (NASDAQ:PBPB)

JPMorgan Chase & Co. increased its stake in Potbelly Co. (NASDAQ:PBPB - Free Report) by 122.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,053 shares of the company's stock after purchasing an additional 36,930 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Potbelly worth $559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Potbelly by 247.8% during the 3rd quarter. Barclays PLC now owns 39,780 shares of the company's stock valued at $332,000 after buying an additional 28,342 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Potbelly by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 608,336 shares of the company's stock valued at $5,074,000 after purchasing an additional 21,188 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Potbelly by 29.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company's stock valued at $3,169,000 after purchasing an additional 86,445 shares during the last quarter. XTX Topco Ltd raised its position in Potbelly by 4.8% in 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 during the period. Finally, State Street Corp lifted its stake in 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 purchasing an additional 7,022 shares during the last quarter. 72.60% of the stock is owned by hedge funds and other institutional investors.

Potbelly Trading Down 0.5 %

NASDAQ PBPB traded down $0.07 during trading on Tuesday, hitting $12.64. 194,523 shares of the company's stock traded hands, compared to its average volume of 216,987. The firm has a market cap of $378.29 million, a P/E ratio of 10.14 and a beta of 1.32. Potbelly Co. has a 12-month low of $6.28 and a 12-month high of $14.36. The stock has a fifty day moving average of $9.96 and a two-hundred day moving average of $8.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43.

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

Insider Buying and Selling

In other Potbelly news, major shareholder David Nierenberg acquired 7,600 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $9.23 per share, with a total value of $70,148.00. Following the completion of the purchase, the insider now directly owns 101,998 shares of the company's stock, valued at approximately $941,441.54. The trade was a 8.05 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.10% of the stock is owned by insiders.

About Potbelly

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.