First Eagle Investment Management LLC Has $10.94 Million Stock Position in Potbelly Co. (NASDAQ:PBPB)

First Eagle Investment Management LLC lifted its position in Potbelly Co. (NASDAQ:PBPB - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,160,828 shares of the company's stock after buying an additional 49,000 shares during the period. First Eagle Investment Management LLC owned approximately 3.88% of Potbelly worth $10,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Potbelly by 1,101.9% in the 3rd quarter. FMR LLC now owns 8,678 shares of the company's stock worth $72,000 after buying an additional 7,956 shares in the last quarter. Quarry LP grew its holdings in shares of Potbelly by 662.9% in the 3rd quarter. Quarry LP now owns 10,925 shares of the company's stock worth $91,000 after acquiring an additional 9,493 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Potbelly in the 4th quarter worth $121,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Potbelly by 28.8% in the 4th 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 during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of 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 acquiring an additional 1,456 shares during the last quarter. Institutional investors own 72.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Activity

In other Potbelly news, major shareholder David Nierenberg purchased 7,600 shares of the stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $9.23 per share, for a total transaction of $70,148.00. Following the completion of the acquisition, the insider now owns 101,998 shares of the company's stock, valued at $941,441.54. This represents a 8.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is currently owned by corporate insiders.

Potbelly Stock Down 0.6 %

Shares of PBPB stock traded down $0.06 on Wednesday, reaching $9.25. 149,123 shares of the company's stock traded hands, compared to its average volume of 210,066. 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 company has a market capitalization of $276.39 million, a P/E ratio of 7.40 and a beta of 1.50. The business's 50 day moving average price is $11.46 and its two-hundred day moving average price is $9.77.

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.