Marshall Wace LLP Has $1.84 Million Position in Potbelly Co. (NASDAQ:PBPB)

Marshall Wace LLP increased its position in shares of Potbelly Co. (NASDAQ:PBPB - Free Report) by 758.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,775 shares of the company's stock after acquiring an additional 172,969 shares during the period. Marshall Wace LLP owned about 0.65% of Potbelly worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PBPB. SG Americas Securities LLC acquired a new stake in shares of Potbelly in the 4th quarter valued at $121,000. Wells Fargo & Company MN grew its position in Potbelly by 50.6% in the fourth quarter. Wells Fargo & Company MN now owns 12,883 shares of the company's stock valued at $121,000 after acquiring an additional 4,328 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Potbelly by 28.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,400 shares of the company's stock worth $124,000 after acquiring an additional 3,000 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Potbelly by 50.8% in the fourth quarter. LPL Financial LLC now owns 19,610 shares of the company's stock worth $185,000 after acquiring an additional 6,610 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Potbelly in the 4th quarter valued at approximately $186,000. 72.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder David Nierenberg acquired 22,169 shares of Potbelly stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $9.36 per share, with a total value of $207,501.84. Following the transaction, the insider now directly owns 124,167 shares in the company, 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 is available at the SEC website. 10.20% of the stock is currently owned by insiders.

Potbelly Stock Performance

Shares of PBPB opened at $8.28 on Monday. The firm's fifty day simple moving average is $9.70 and its two-hundred day simple moving average is $9.92. Potbelly Co. has a 12 month low of $6.28 and a 12 month high of $13.48. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $249.82 million, a P/E ratio of 6.62 and a beta of 1.38.

Analyst Ratings Changes

A number of brokerages have recently commented on PBPB. Benchmark reiterated a "buy" rating and issued a $16.00 price target on shares of Potbelly in a research note on Friday, March 7th. StockNews.com lowered Potbelly from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, William Blair reaffirmed a "market perform" rating on shares of Potbelly in a research note on Thursday, March 20th.

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.

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