Potbelly Corp (PBPB) Insider Anne Ewing Sells 9,220 Shares
Potbelly Corp (NASDAQ:PBPB) insider Anne Ewing sold 9,220 shares of Potbelly stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $13.16, for a total transaction of $121,335.20. Following the sale, the insider now owns 13,088 shares in the company, valued at $172,238.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Anne Ewing also recently made the following trade(s):
- On Thursday, March 1st, Anne Ewing sold 867 shares of Potbelly stock. The shares were sold at an average price of $12.87, for a total transaction of $11,158.29.
Potbelly Corp (PBPB) opened at $13.30 on Wednesday. Potbelly Corp has a 1-year low of $10.50 and a 1-year high of $14.28. The stock has a market cap of $332.67, a PE ratio of -47.50, a P/E/G ratio of 1.80 and a beta of 0.74.
Hedge funds have recently made changes to their positions in the stock. IndexIQ Advisors LLC lifted its holdings in Potbelly by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 62,357 shares of the company’s stock valued at $773,000 after purchasing an additional 28,288 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Potbelly by 34.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,582 shares of the company’s stock valued at $11,162,000 after purchasing an additional 250,465 shares during the last quarter. Vivaldi Asset Management LLC lifted its holdings in Potbelly by 179.5% during the 3rd quarter. Vivaldi Asset Management LLC now owns 996,130 shares of the company’s stock valued at $12,352,000 after purchasing an additional 639,750 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in Potbelly by 17.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 778,452 shares of the company’s stock valued at $9,653,000 after purchasing an additional 116,582 shares during the last quarter. Finally, 1060 Capital LLC bought a new position in Potbelly during the 3rd quarter valued at about $6,027,000. 70.46% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Potbelly from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, January 18th. Maxim Group reissued a “hold” rating and set a $13.00 price target (up from $12.00) on shares of Potbelly in a report on Monday, December 4th. Finally, BidaskClub downgraded shares of Potbelly from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.25.
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Potbelly Company Profile
Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.
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