Potbelly Corp. (PBPB) SVP Sells $248,400.00 in Stock
Potbelly Corp. (NASDAQ:PBPB) SVP Matthew J. Revord sold 20,000 shares of the 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 of the company’s stock, valued at approximately $248,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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 stock has a market capitalization of $313.14 million, a PE ratio of 46.73 and a beta of 1.01. The stock’s 50 day moving average price is $12.95 and its 200 day moving average price is $13.15.
Potbelly Corp. (NASDAQ:PBPB) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The company earned $105 million during the quarter, compared to analysts’ expectations of $105.67 million. Potbelly Corp. had a return on equity of 7.32% and a net margin of 1.81%. Potbelly Corp.’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Equities research analysts forecast that Potbelly Corp. will post $0.37 earnings per share for the current year.
A number of equities analysts have weighed in on PBPB shares. Robert W. Baird cut Potbelly Corp. from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $13.00 in a report on Monday, August 1st. Zacks Investment Research upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Maxim Group started coverage on Potbelly Corp. in a report on Thursday. They issued a “hold” rating and a $14.00 price target for the company. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.75.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First National Bank of Omaha purchased a new position in Potbelly Corp. during the second quarter valued at $481,000. Highland Private Wealth Management purchased a new position in Potbelly Corp. during the first quarter valued at $532,000. Metropolitan Life Insurance Co. NY boosted its position in Potbelly Corp. by 47.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,107 shares of the company’s stock valued at $274,000 after buying an additional 6,438 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Potbelly Corp. during the first quarter valued at $512,000. Finally, Springbok Capital Management LLC boosted its position in Potbelly Corp. by 6.9% in the first quarter. Springbok Capital Management LLC now owns 20,100 shares of the company’s stock valued at $274,000 after buying an additional 1,300 shares in the last quarter. 70.42% of the stock is owned by 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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