Potbelly Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:PBPB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
07 Aug 24	BuyUS$485,600	Nierenberg Investment Management Company, Inc.	Company	74,345	US$6.62
23 May 24	BuyUS$13,638	Adam Noyes	Individual	1,614	US$8.45
22 May 24	BuyUS$8,720	Lynette McKee	Individual	1,000	US$8.72
15 May 24	BuyUS$10,007	Steven Cirulis	Individual	1,141	US$8.77
15 May 24	BuyUS$12,963	Robert Wright	Individual	1,450	US$8.94
15 Mar 24	BuyUS$20,335	Robert Wright	Individual	1,750	US$11.62
12 Mar 24	BuyUS$11,650	Steven Cirulis	Individual	1,000	US$11.65
11 Mar 24	BuyUS$303,460	180 Degree Capital Corp.	Company	25,500	US$11.90
07 Mar 24	SellUS$5,887,487	180 Degree Capital Corp.	Company	433,222	US$13.59

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of PBPB?
Owner Type	Number of Shares	Ownership Percentage
General Public	1,944,769	6.5%
Hedge Funds	2,980,564	9.96%
Individual Insiders	4,575,146	15.3%
Institutions	20,436,611	68.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 73.47% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.96%	Nierenberg Investment Management Company, Inc.	2,980,564	US$26.9m	5.33%	15.55%
6.68%	BlackRock, Inc.	1,999,733	US$18.1m	4.49%	no data
4.81%	The Vanguard Group, Inc.	1,439,104	US$13.0m	1.74%	no data
4.57%	Christopher Woodruff	1,369,008	US$12.4m	0%	no data
4.31%	Punch & Associates Investment Management, Inc.	1,290,355	US$11.7m	3.8%	0.69%
4.01%	Renaissance Technologies LLC	1,201,854	US$10.9m	-6.02%	0.02%
3.79%	180 Degree Capital Corp.	1,135,122	US$10.3m	4.02%	23.04%
3.71%	First Eagle Investment Management, LLC	1,111,828	US$10.0m	9.94%	0.01%
3.1%	Heartland Advisors, Inc.	928,600	US$8.4m	16.4%	0.46%
3.01%	Portolan Capital Management, LLC	902,529	US$8.1m	21.7%	0.59%
2.28%	Robert Wright	682,436	US$6.2m	0.3%	no data
2.15%	Mahmood Khimji	643,571	US$5.8m	0%	no data
2.03%	Geode Capital Management, LLC	608,336	US$5.5m	3.61%	no data
1.83%	The Khimji Family Foundation., Endowment Arm	546,427	US$4.9m	0%	no data
1.77%	Soviero Asset Management, LP	530,000	US$4.8m	-27.6%	4.6%
1.71%	Vann A. Avedisian Trust U/A	513,163	US$4.6m	0%	no data
1.7%	Archon Capital Management LLC	507,940	US$4.6m	-27.5%	6.86%
1.68%	Dimensional Fund Advisors LP	502,752	US$4.5m	0.6%	no data
1.67%	State Street Global Advisors, Inc.	498,915	US$4.5m	1.43%	no data
1.62%	Silvercrest Asset Management Group LLC	483,763	US$4.4m	-0.65%	0.03%
1.59%	Ancora Advisors LLC	474,831	US$4.3m	5.23%	0.11%
1.59%	Millennium Management LLC	474,796	US$4.3m	54.3%	no data
1.34%	Western Standard, LLC	400,769	US$3.6m	-50%	3.65%
1.29%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	387,114	US$3.5m	77%	no data
1.27%	Hodges Capital Management Inc	380,015	US$3.4m	29.5%	0.23%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 09:12
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/29
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Potbelly Corporation is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Tarantino	Baird
Todd Brooks	Benchmark Company
Gregory Francfort	BofA Global Research