Potbelly Corp. (PBPB) SVP Matthew J. Revord Sells 20,000 Shares
Potbelly Corp. (NASDAQ:PBPB) SVP Matthew J. Revord sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $12.42, for a total transaction of $248,400.00. Following the sale, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $248,400. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 12.43 on Friday. The firm has a market capitalization 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. has a 52 week low of $9.82 and a 52 week high of $14.99.
Potbelly Corp. (NASDAQ:PBPB) last issued its earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. The business earned $105 million during the quarter, compared to analysts’ expectations of $105.67 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts forecast that Potbelly Corp. will post $0.37 earnings per share for the current year.
Several analysts have weighed in on PBPB shares. Zacks Investment Research raised shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Maxim Group started coverage on shares of Potbelly Corp. in a research report on Thursday. They set a “hold” rating and a $14.00 target price on the stock. Finally, Robert W. Baird reissued a “neutral” rating on shares of Potbelly Corp. in a research report on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.75.
Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in Potbelly Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 63,224 shares of the company’s stock valued at $793,000 after buying an additional 966 shares during the period. Numeric Investors LLC bought a new position in Potbelly Corp. during the second quarter valued at approximately $157,000. AQR Capital Management LLC bought a new position in Potbelly Corp. during the second quarter valued at approximately $305,000. Panagora Asset Management Inc. raised its position in Potbelly Corp. by 222.4% in the second quarter. Panagora Asset Management Inc. now owns 153,406 shares of the company’s stock valued at $1,924,000 after buying an additional 105,830 shares during the period. Finally, A.R.T. Advisors LLC raised its position in Potbelly Corp. by 16.5% in the second quarter. A.R.T. Advisors LLC now owns 43,844 shares of the company’s stock valued at $549,000 after buying an additional 6,200 shares during the period. 70.42% of the stock is currently owned by hedge funds and other institutional investors.
Potbelly Corp. Company Profile
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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