Potbelly Co. (NASDAQ:PBPB) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in Potbelly Co. (NASDAQ:PBPB) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,547 shares of the company’s stock after acquiring an additional 5,194 shares during the quarter. Tectonic Advisors LLC owned approximately 0.34% of Potbelly worth $947,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings in shares of Potbelly by 1,101.9% during the 3rd quarter. FMR LLC now owns 8,678 shares of the company’s stock valued at $72,000 after purchasing an additional 7,956 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Potbelly in the third quarter valued at $87,000. The Manufacturers Life Insurance Company purchased a new position in Potbelly in the second quarter valued at $86,000. Quarry LP raised its position in shares of Potbelly by 662.9% in the third quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after acquiring an additional 9,493 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Potbelly during the 4th quarter worth about $121,000. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Potbelly Price Performance

Shares of Potbelly stock opened at $13.30 on Thursday. The firm has a market cap of $398.16 million, a PE ratio of 10.64 and a beta of 1.34. Potbelly Co. has a twelve month low of $6.28 and a twelve month high of $14.36. 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 business has a 50-day moving average price of $10.34 and a 200 day moving average price of $8.92.

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

Insiders Place Their Bets

In other news, major shareholder David Nierenberg acquired 7,600 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $9.23 per share, for a total transaction of $70,148.00. Following the purchase, the insider now 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.10% of the stock is currently owned by company insiders.

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.