BNP Paribas Financial Markets Sells 28,505 Shares of Potbelly Co. (NASDAQ:PBPB)

BNP Paribas Financial Markets lowered its stake in Potbelly Co. (NASDAQ:PBPB - Free Report) by 81.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,473 shares of the company's stock after selling 28,505 shares during the period. BNP Paribas Financial Markets' holdings in Potbelly were worth $61,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp grew its position in shares of Potbelly by 2.8% during the 4th quarter. Northern Trust Corp now owns 223,751 shares of the company's stock worth $2,108,000 after purchasing an additional 6,013 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Potbelly during the 4th quarter worth approximately $27,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Potbelly during the 4th quarter worth approximately $98,000. 1492 Capital Management LLC acquired a new position in shares of Potbelly during the 4th quarter worth approximately $249,000. Finally, Marshall Wace LLP grew its position in shares of Potbelly by 758.4% during the 4th quarter. Marshall Wace LLP now owns 195,775 shares of the company's stock worth $1,844,000 after purchasing an additional 172,969 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PBPB shares. William Blair restated a "market perform" rating on shares of Potbelly in a research report on Thursday, March 20th. Wall Street Zen lowered shares of Potbelly from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Benchmark restated a "buy" rating and set a $16.00 target price on shares of Potbelly in a research report on Friday, March 7th.

Potbelly Price Performance

Shares of Potbelly stock traded up $0.34 on Wednesday, reaching $10.91. 222,918 shares of the stock were exchanged, compared to its average volume of 212,709. The firm's 50 day moving average is $9.18 and its 200-day moving average is $10.12. Potbelly Co. has a one year low of $6.28 and a one year high of $13.48. 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 firm has a market cap of $329.18 million, a PE ratio of 8.73 and a beta of 1.47.

Insider Transactions at Potbelly

In other news, major shareholder David Nierenberg purchased 22,169 shares of the business's stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $9.36 per share, with a total value of $207,501.84. Following the acquisition, the insider now owns 124,167 shares in the company, valued at approximately $1,162,203.12. The trade was a 21.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.

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.