Potbelly Corp. (NASDAQ:PBPB) SVP Matthew J. Revord sold 20,000 shares of Potbelly Corp. stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $12.42, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now owns 20,000 shares of the company’s stock, valued at $248,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 12.43 on Friday. 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 PE ratio of 46.73 and a beta of 1.01. The firm’s 50 day moving average is $12.95 and its 200-day moving average is $13.15.
Potbelly Corp. (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business earned $105 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Equities analysts expect that Potbelly Corp. will post $0.37 earnings per share for the current year.
Several research analysts have commented on PBPB shares. Robert W. Baird restated a “neutral” rating on shares of Potbelly Corp. in a research report on Thursday, September 8th. Zacks Investment Research upgraded shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Maxim Group started coverage on shares of Potbelly Corp. in a research report on Thursday. They set a “hold” rating and a $14.00 price objective for the company. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.75.
Institutional investors have recently bought and sold shares of the company. Bayesian Capital Management LP purchased a new position in Potbelly Corp. during the first quarter worth $142,000. Renaissance Technologies LLC raised its position in Potbelly Corp. by 40.5% in the first quarter. Renaissance Technologies LLC now owns 1,488,200 shares of the company’s stock worth $20,254,000 after buying an additional 428,800 shares during the last quarter. Highland Private Wealth Management purchased a new position in Potbelly Corp. during the first quarter worth $532,000. First National Bank of Omaha purchased a new position in Potbelly Corp. during the second quarter worth $481,000. Finally, Oxford Asset Management raised its position in Potbelly Corp. by 81.2% in the second quarter. Oxford Asset Management now owns 176,649 shares of the company’s stock worth $2,215,000 after buying an additional 79,167 shares during the last quarter. 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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