Monimus Capital Management LP Invests $4.90 Million in Potbelly Co. (NASDAQ:PBPB)

Monimus Capital Management LP bought a new position in shares of Potbelly Co. (NASDAQ:PBPB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 520,259 shares of the company’s stock, valued at approximately $4,901,000. Potbelly makes up approximately 4.6% of Monimus Capital Management LP’s portfolio, making the stock its 6th largest position. Monimus Capital Management LP owned 1.74% of Potbelly at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its stake in Potbelly by 4.4% during the 4th quarter. First Eagle Investment Management LLC now owns 1,160,828 shares of the company’s stock worth $10,935,000 after buying an additional 49,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Potbelly in the 4th quarter valued at approximately $520,000. Tectonic Advisors LLC grew its stake in shares of Potbelly by 5.4% in the 4th quarter. Tectonic Advisors LLC now owns 100,547 shares of the company’s stock valued at $947,000 after purchasing an additional 5,194 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Potbelly by 28.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,400 shares of the company’s stock valued at $124,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its stake in shares of Potbelly by 42.1% in the 4th quarter. Hodges Capital Management Inc. now owns 539,915 shares of the company’s stock valued at $5,086,000 after purchasing an additional 159,900 shares during the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Potbelly Stock Up 1.6 %

Potbelly stock opened at $9.34 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43. Potbelly Co. has a 1-year low of $6.28 and a 1-year high of $13.48. The company has a market cap of $279.08 million, a PE ratio of 7.47 and a beta of 1.50. The stock’s 50 day moving average price is $11.45 and its 200 day moving average price is $9.71.

Insider Activity at Potbelly

In other Potbelly news, major shareholder David Nierenberg purchased 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average cost of $9.23 per share, for a total transaction of $70,148.00. Following the completion of the purchase, the insider now directly owns 101,998 shares in the company, valued at $941,441.54. This represents a 8.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

PBPB has been the topic of several analyst reports. William Blair reiterated a “market perform” rating on shares of Potbelly in a research note on Friday, March 7th. Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Potbelly in a research note on Friday, March 7th.

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.