JPMorgan Chase & Co. Acquires 36,930 Shares of Potbelly Co. (NASDAQ:PBPB)

JPMorgan Chase & Co. increased its holdings in shares of Potbelly Co. (NASDAQ:PBPB) by 122.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,053 shares of the company’s stock after acquiring an additional 36,930 shares during the period. JPMorgan Chase & Co. owned about 0.22% of Potbelly worth $559,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Barclays PLC grew its position in Potbelly by 247.8% during the 3rd quarter. Barclays PLC now owns 39,780 shares of the company’s stock worth $332,000 after acquiring an additional 28,342 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Potbelly by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 608,336 shares of the company’s stock worth $5,074,000 after buying an additional 21,188 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in Potbelly by 29.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company’s stock worth $3,169,000 after buying an additional 86,445 shares in the last quarter. XTX Topco Ltd lifted its holdings in Potbelly by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 31,984 shares of the company’s stock worth $267,000 after buying an additional 1,456 shares in the last quarter. Finally, State Street Corp lifted its holdings in Potbelly by 1.4% during the 3rd quarter. State Street Corp now owns 498,915 shares of the company’s stock worth $4,161,000 after buying an additional 7,022 shares in the last quarter. 72.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Potbelly

In related news, major shareholder David Nierenberg acquired 7,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was 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 trade represents a 8.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.10% of the company’s stock.

Potbelly Trading Up 2.8 %

Shares of PBPB opened at $12.70 on Tuesday. The stock’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $8.68. 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 capitalization of $380.24 million, a PE ratio of 10.16 and a beta of 1.32. Potbelly Co. has a 12-month low of $6.28 and a 12-month high of $14.36.

Potbelly (NASDAQ:PBPB) last released its earnings results on Thursday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Potbelly had a net margin of 8.14% and a return on equity of 18.69%. The company had revenue of $115.12 million for the quarter, compared to the consensus estimate of $113.30 million. During the same period in the prior year, the company posted $0.04 EPS. As a group, research analysts predict that Potbelly Co. will post 0.24 earnings per share for the current year.

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.