Matthew J. Revord Sells 10,000 Shares of Potbelly Corp. (PBPB) Stock
Potbelly Corp. (NASDAQ:PBPB) SVP Matthew J. Revord sold 10,000 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $12.43, for a total value of $124,300.00. Following the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $124,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Potbelly Corp. (NASDAQ:PBPB) opened at 12.90 on Thursday. The firm has a 50 day moving average price of $12.91 and a 200-day moving average price of $13.00. Potbelly Corp. has a 52-week low of $9.82 and a 52-week high of $14.99. The company has a market cap of $324.94 million, a price-to-earnings ratio of 44.79 and a beta of 0.94.
Potbelly Corp. (NASDAQ:PBPB) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. Potbelly Corp. had a return on equity of 8.23% and a net margin of 1.87%. The firm earned $103.80 million during the quarter, compared to analyst estimates of $104.38 million. During the same period last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Potbelly Corp. will post $0.38 earnings per share for the current year.
A number of equities analysts have recently commented on PBPB shares. Zacks Investment Research cut Potbelly Corp. from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. Robert W. Baird cut Potbelly Corp. from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $13.00 in a report on Monday, August 1st. Finally, Maxim Group initiated coverage on Potbelly Corp. in a report on Thursday, September 29th. They issued a “hold” rating and a $14.00 target price for the company. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.08.
Several institutional investors have recently bought and sold shares of the company. Algert Global LLC bought a new position in Potbelly Corp. during the second quarter worth approximately $130,000. Bayesian Capital Management LP acquired a new stake in Potbelly Corp. during the first quarter valued at about $142,000. Stevens Capital Management LP acquired a new stake in Potbelly Corp. during the second quarter valued at about $146,000. BlackRock Advisors LLC raised its stake in Potbelly Corp. by 9.6% in the second quarter. BlackRock Advisors LLC now owns 11,733 shares of the company’s stock valued at $147,000 after buying an additional 1,032 shares in the last quarter. Finally, Numeric Investors LLC acquired a new stake in Potbelly Corp. during the second quarter valued at about $157,000. 70.82% of the stock is 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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