Potbelly Corp. (NASDAQ:PBPB) SVP Matthew J. Revord sold 20,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $12.42, for a total value of $248,400.00. Following the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $248,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 12.43 on Friday. The firm has a 50-day moving average price of $12.95 and a 200 day moving average price of $13.15. Potbelly Corp. has a 1-year low of $9.82 and a 1-year high of $14.99. The company has a market cap of $313.14 million, a price-to-earnings ratio of 46.73 and a beta of 1.01.
Potbelly Corp. (NASDAQ:PBPB) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $105 million for the quarter, compared to analysts’ expectations of $105.67 million. Potbelly Corp. had a net margin of 1.81% and a return on equity of 7.32%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. On average, analysts predict that Potbelly Corp. will post $0.37 EPS for the current fiscal year.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Potbelly Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Robert W. Baird reissued a “neutral” rating on shares of Potbelly Corp. in a research report on Thursday, September 8th. Finally, Maxim Group assumed coverage on Potbelly Corp. in a research report on Thursday. They set a “hold” rating and a $14.00 price target for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.75.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC acquired a new position in shares of Potbelly Corp. during the second quarter valued at $130,000. Bayesian Capital Management LP acquired a new position in shares of Potbelly Corp. during the first quarter valued at $142,000. Stevens Capital Management LP acquired a new position in shares of Potbelly Corp. during the second quarter valued at $146,000. BlackRock Advisors LLC boosted its position in shares of Potbelly Corp. by 9.6% in the second quarter. BlackRock Advisors LLC now owns 11,733 shares of the company’s stock valued at $147,000 after buying an additional 1,032 shares in the last quarter. Finally, Numeric Investors LLC acquired a new position in shares of Potbelly Corp. during the second quarter valued at $157,000. Institutional investors and hedge funds own 70.42% of the company’s stock.
About Potbelly Corp.
Potbelly Corporation is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops.
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