Assenagon Asset Management S.A. Sells 36,862 Shares of Potbelly Co. (NASDAQ:PBPB)

Assenagon Asset Management S.A. lessened its holdings in Potbelly Co. (NASDAQ:PBPB) by 33.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,718 shares of the company’s stock after selling 36,862 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.24% of Potbelly worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Potbelly by 122.6% in 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 during the last quarter. Barclays PLC boosted its position in Potbelly by 247.8% in 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 during the period. Geode Capital Management LLC grew its stake in Potbelly by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 608,336 shares of the company’s stock worth $5,074,000 after acquiring an additional 21,188 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Potbelly by 29.4% during the third quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company’s stock worth $3,169,000 after acquiring an additional 86,445 shares during the period. Finally, XTX Topco Ltd raised its stake in shares of Potbelly by 4.8% during the third quarter. XTX Topco Ltd now owns 31,984 shares of the company’s stock valued at $267,000 after acquiring an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Potbelly Stock Up 3.5 %

Shares of NASDAQ PBPB opened at $12.35 on Friday. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $8.62. The firm has a market capitalization of $369.72 million, a price-to-earnings ratio of 9.88 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 company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49.

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

Insiders Place Their Bets

In related news, major shareholder David Nierenberg bought 7,600 shares of the stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $941,441.54. This 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 the SEC website. 9.10% of the stock is owned by company insiders.

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.