Squarepoint Ops LLC Has $95,000 Stake in Potbelly Co. (NASDAQ:PBPB)

Squarepoint Ops LLC lowered its stake in shares of Potbelly Co. (NASDAQ:PBPB - Free Report) by 78.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,040 shares of the company's stock after selling 35,699 shares during the quarter. Squarepoint Ops LLC's holdings in Potbelly were worth $95,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its position in shares of Potbelly by 4.4% during the fourth quarter. First Eagle Investment Management LLC now owns 1,160,828 shares of the company's stock valued at $10,935,000 after buying an additional 49,000 shares during the last quarter. Portolan Capital Management LLC boosted its stake in Potbelly by 9.3% in the fourth quarter. Portolan Capital Management LLC now owns 986,277 shares of the company's stock worth $9,291,000 after purchasing an additional 83,748 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Potbelly by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 617,199 shares of the company's stock worth $5,815,000 after purchasing an additional 8,863 shares during the last quarter. Monimus Capital Management LP acquired a new stake in shares of Potbelly in the fourth quarter valued at $4,901,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Potbelly by 2.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 351,271 shares of the company's stock valued at $3,309,000 after buying an additional 8,083 shares during the last quarter. 72.60% of the stock is owned by institutional investors.

Potbelly Trading Down 2.0%

NASDAQ PBPB traded down $0.22 on Wednesday, reaching $10.98. The company had a trading volume of 139,039 shares, compared to its average volume of 211,833. Potbelly Co. has a 52 week low of $6.28 and a 52 week high of $13.48. The stock's 50 day moving average is $9.32 and its 200-day moving average is $10.16. 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 stock has a market cap of $331.29 million, a price-to-earnings ratio of 8.78 and a beta of 1.68.

Insiders Place Their Bets

In other Potbelly news, major shareholder David Nierenberg acquired 22,169 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $9.36 per share, with a total value of $207,501.84. Following the purchase, the insider now owns 124,167 shares of the company's stock, valued at $1,162,203.12. This represents a 21.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PBPB shares. William Blair reissued a "market perform" rating on shares of Potbelly in a research note on Thursday, March 20th. Benchmark restated a "buy" rating and set a $16.00 target price on shares of Potbelly in a research report on Friday, March 7th. Finally, Wall Street Zen cut shares of Potbelly from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

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.