Potbelly Co. (NASDAQ:PBPB) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its holdings in shares of Potbelly Co. (NASDAQ:PBPB - Free Report) by 29.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,015 shares of the company's stock after purchasing an additional 86,445 shares during the period. Hodges Capital Management Inc. owned 1.27% of Potbelly worth $3,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Potbelly during the second quarter worth about $25,000. Allspring Global Investments Holdings LLC grew its stake in shares of Potbelly by 9,350.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,844 shares of the company's stock valued at $63,000 after purchasing an additional 7,761 shares during the last quarter. FMR LLC increased its holdings in shares of Potbelly by 1,101.9% in the third quarter. FMR LLC now owns 8,678 shares of the company's stock valued at $72,000 after purchasing an additional 7,956 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Potbelly during the second quarter worth approximately $86,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Potbelly during the third quarter worth approximately $87,000. 72.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Potbelly in a research note on Monday, August 12th.

Potbelly Stock Performance

PBPB traded down $0.12 during trading on Monday, reaching $9.89. The company's stock had a trading volume of 95,756 shares, compared to its average volume of 221,586. 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's fifty day moving average price is $8.98 and its 200-day moving average price is $8.19. Potbelly Co. has a 52-week low of $6.28 and a 52-week high of $14.36. The company has a market capitalization of $296.11 million, a price-to-earnings ratio of 7.91 and a beta of 1.28.

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.