Sanctuary Advisors LLC Buys New Shares in Potbelly Co. (NASDAQ:PBPB)

Sanctuary Advisors LLC bought a new stake in Potbelly Co. (NASDAQ:PBPB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 55,156 shares of the company’s stock, valued at approximately $520,000. Sanctuary Advisors LLC owned 0.18% of Potbelly as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tectonic Advisors LLC lifted its holdings in Potbelly by 5.4% in the fourth quarter. Tectonic Advisors LLC now owns 100,547 shares of the company’s stock valued at $947,000 after buying an additional 5,194 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Potbelly by 28.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,400 shares of the company’s stock valued at $124,000 after buying an additional 3,000 shares during the period. Hodges Capital Management Inc. lifted its stake in Potbelly by 42.1% in the fourth quarter. Hodges Capital Management Inc. now owns 539,915 shares of the company’s stock valued at $5,086,000 after buying an additional 159,900 shares during the period. SG Americas Securities LLC acquired a new position in Potbelly in the fourth quarter valued at approximately $121,000. Finally, JPMorgan Chase & Co. lifted its stake in Potbelly by 122.6% in the third quarter. JPMorgan Chase & Co. now owns 67,053 shares of the company’s stock valued at $559,000 after buying an additional 36,930 shares during the period. Institutional investors and hedge funds own 72.60% of the company’s stock.

Potbelly Stock Performance

Shares of Potbelly stock opened at $12.75 on Friday. The business has a 50-day simple moving average of $11.24 and a 200 day simple moving average of $9.56. Potbelly Co. has a one year low of $6.28 and a one year high of $14.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43. The firm has a market capitalization of $381.70 million, a price-to-earnings ratio of 10.20 and a beta of 1.34.

Insider Activity

In other Potbelly news, major shareholder David Nierenberg acquired 7,600 shares of Potbelly stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost 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 represents a 8.05 % increase in their ownership of the stock. The transaction 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 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.