Matthew J. Revord Sells 20,000 Shares of Potbelly Corp. (PBPB) Stock
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 stock was sold at an average price of $12.42, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now owns 20,000 shares of the company’s stock, valued at approximately $248,400. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 12.43 on Friday. The company has a market cap of $313.14 million, a P/E ratio of 46.73 and a beta of 1.01. Potbelly Corp. has a 52 week low of $9.82 and a 52 week high of $14.99. The firm’s 50-day moving average price is $12.95 and its 200 day moving average price is $13.15.
Potbelly Corp. (NASDAQ:PBPB) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Potbelly Corp. had a net margin of 1.81% and a return on equity of 7.32%. The company earned $105 million during the quarter, compared to the consensus estimate of $105.67 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities analysts predict that Potbelly Corp. will post $0.37 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in PBPB. Renaissance Technologies LLC increased its stake 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. Tributary Capital Management LLC acquired a new stake in Potbelly Corp. during the second quarter worth $5,292,000. Dimensional Fund Advisors LP increased its stake in Potbelly Corp. by 305.9% in the second quarter. Dimensional Fund Advisors LP now owns 254,492 shares of the company’s stock worth $3,191,000 after buying an additional 191,791 shares during the last quarter. Vanguard Group Inc. increased its stake in Potbelly Corp. by 8.9% in the second quarter. Vanguard Group Inc. now owns 1,723,583 shares of the company’s stock worth $21,615,000 after buying an additional 140,269 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Potbelly Corp. by 22.9% in the second quarter. BlackRock Fund Advisors now owns 620,212 shares of the company’s stock worth $7,777,000 after buying an additional 115,435 shares during the last quarter. Institutional investors own 70.42% of the company’s stock.
A number of research analysts recently issued reports on the company. Robert W. Baird restated an “outperform” rating on shares of Potbelly Corp. in a research report on Tuesday, June 28th. Maxim Group assumed coverage on Potbelly Corp. in a research report on Thursday. They set a “hold” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.75.
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.
Receive News & Stock Ratings for Potbelly Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly Corp. and related stocks with our FREE daily email newsletter.