Potbelly Co. (NASDAQ:PBPB) COO Purchases $13,638.30 in Stock

Potbelly Co. (NASDAQ:PBPB) COO Adam Noyes purchased 1,614 shares of the stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $8.45 per share, for a total transaction of $13,638.30. Following the completion of the transaction, the chief operating officer now owns 321,041 shares of the company’s stock, valued at approximately $2,712,796.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Potbelly Stock Up 2.2 %

PBPB stock opened at $8.65 on Monday. Potbelly Co. has a twelve month low of $7.12 and a twelve month high of $14.36. The company has a market cap of $258.12 million, a PE ratio of 72.08 and a beta of 1.36. The business’s 50-day simple moving average is $10.41 and its 200 day simple moving average is $11.04. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 0.37.

Potbelly (NASDAQ:PBPB) last released its earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Potbelly had a return on equity of 36.44% and a net margin of 0.76%. The business had revenue of $125.75 million for the quarter, compared to the consensus estimate of $125.80 million. On average, research analysts anticipate that Potbelly Co. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Potbelly from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. William Blair reaffirmed a “market perform” rating on shares of Potbelly in a research report on Friday, March 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Potbelly currently has an average rating of “Moderate Buy” and an average target price of $13.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Standard LLC bought a new position in Potbelly during the first quarter worth about $2,208,000. Silvercrest Asset Management Group LLC bought a new position in Potbelly during the first quarter worth about $5,820,000. First Eagle Investment Management LLC lifted its stake in Potbelly by 5.4% during the first quarter. First Eagle Investment Management LLC now owns 859,128 shares of the company’s stock worth $10,404,000 after purchasing an additional 44,400 shares during the period. Russell Investments Group Ltd. lifted its stake in Potbelly by 224.9% during the first quarter. Russell Investments Group Ltd. now owns 300,736 shares of the company’s stock worth $3,642,000 after purchasing an additional 208,170 shares during the period. Finally, Tectonic Advisors LLC bought a new position in Potbelly during the first quarter worth about $271,000. Institutional investors own 72.60% of the company’s stock.

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.