Barclays PLC Acquires 28,342 Shares of Potbelly Co. (NASDAQ:PBPB)

Barclays PLC lifted its holdings in shares of Potbelly Co. (NASDAQ:PBPB) by 247.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,780 shares of the company’s stock after purchasing an additional 28,342 shares during the period. Barclays PLC owned 0.13% of Potbelly worth $332,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Potbelly by 1,101.9% during the 3rd quarter. FMR LLC now owns 8,678 shares of the company’s stock valued at $72,000 after acquiring an additional 7,956 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Potbelly in the second quarter valued at $86,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Potbelly during the third quarter valued at about $87,000. Quarry LP boosted its position in shares of Potbelly by 662.9% during the 3rd quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after purchasing an additional 9,493 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Potbelly in the 2nd quarter valued at about $137,000. Institutional investors and hedge funds own 72.60% of the company’s stock.

Insider Activity

In related news, major shareholder David Nierenberg bought 7,600 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were bought 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 directly owns 101,998 shares of the company’s stock, valued at $941,441.54. This trade represents a 8.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 9.10% of the company’s stock.

Potbelly Trading Up 1.4 %

Shares of Potbelly stock opened at $10.49 on Monday. The stock has a market capitalization of $314.04 million, a PE ratio of 8.39 and a beta of 1.32. Potbelly Co. has a 52 week low of $6.28 and a 52 week high of $14.36. The stock has a 50 day moving average price of $9.82 and a two-hundred day moving average price of $8.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49.

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.