Potbelly Corp (NASDAQ:PBPB) insider Anne Ewing sold 9,220 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $13.16, for a total transaction of $121,335.20. Following the completion of the sale, the insider now directly owns 13,088 shares in the company, valued at $172,238.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
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.
Shares of Potbelly Corp (NASDAQ PBPB) traded up $0.05 during midday trading on Tuesday, reaching $13.30. 346,139 shares of the company were exchanged, compared to its average volume of 185,350. Potbelly Corp has a 12-month low of $10.50 and a 12-month high of $14.28. The stock has a market capitalization of $327.65, a P/E ratio of -47.50, a PEG ratio of 1.78 and a beta of 0.74.
Potbelly (NASDAQ:PBPB) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Potbelly had a negative net margin of 1.62% and a positive return on equity of 6.59%. The firm had revenue of $112.15 million for the quarter, compared to the consensus estimate of $112.91 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. analysts forecast that Potbelly Corp will post 0.37 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in Potbelly during the fourth quarter worth $154,000. Municipal Employees Retirement System of Michigan purchased a new stake in Potbelly during the fourth quarter worth $373,000. Macquarie Group Ltd. purchased a new stake in Potbelly during the fourth quarter worth $166,000. Fondren Management LP purchased a new stake in Potbelly during the fourth quarter worth $947,000. Finally, Two Sigma Securities LLC purchased a new stake in Potbelly during the fourth quarter worth $155,000. 70.46% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on PBPB. Zacks Investment Research downgraded shares of Potbelly from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Maxim Group reaffirmed a “hold” rating and issued a $13.00 price objective (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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Potbelly presently has a consensus rating of “Hold” and an average target price 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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