520,259 Shares in Potbelly Co. (NASDAQ:PBPB) Bought by Monimus Capital Management LP

Monimus Capital Management LP bought a new position in shares of Potbelly Co. (NASDAQ:PBPB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 520,259 shares of the company's stock, valued at approximately $4,901,000. Potbelly makes up 4.6% of Monimus Capital Management LP's portfolio, making the stock its 6th largest position. Monimus Capital Management LP owned 1.74% of Potbelly at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Potbelly by 122.6% during the third quarter. JPMorgan Chase & Co. now owns 67,053 shares of the company's stock worth $559,000 after purchasing an additional 36,930 shares in the last quarter. Cerity Partners LLC bought a new stake in Potbelly during the third quarter worth about $2,332,000. Sanctuary Advisors LLC bought a new position in shares of Potbelly during the 4th quarter valued at about $520,000. 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. Finally, Hodges Capital Management Inc. lifted its position in Potbelly by 42.1% in the 4th quarter. Hodges Capital Management Inc. now owns 539,915 shares of the company's stock worth $5,086,000 after buying an additional 159,900 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder David Nierenberg bought 7,600 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $9.23 per share, with a total value of $70,148.00. Following the completion of the purchase, the insider now 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.10% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PBPB shares. Benchmark reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Potbelly in a research note on Friday, March 7th. William Blair reissued a "market perform" rating on shares of Potbelly in a research note on Friday, March 7th. Finally, StockNews.com raised Potbelly from a "hold" rating to a "buy" rating in a research report on Tuesday.

Potbelly Stock Performance

PBPB traded down $0.06 during trading on Wednesday, hitting $9.25. The company's stock had a trading volume of 149,123 shares, compared to its average volume of 210,066. Potbelly Co. has a one year low of $6.28 and a one year high of $13.48. The business's 50 day simple moving average is $11.46 and its 200-day simple moving average is $9.77. 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 firm has a market cap of $276.39 million, a PE ratio of 7.40 and a beta of 1.50.

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.