Potbelly Corp (PBPB) SVP Sells $148,330.00 in Stock
Potbelly Corp (NASDAQ:PBPB) SVP Matthew J. Revord sold 18,200 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $8.15, for a total value of $148,330.00. Following the sale, the senior vice president now directly owns 18,010 shares of the company’s stock, valued at $146,781.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ PBPB opened at $8.50 on Friday. Potbelly Corp has a 52-week low of $7.71 and a 52-week high of $14.15. The stock has a market capitalization of $203.23 million, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98.
Potbelly (NASDAQ:PBPB) last released its quarterly earnings results on Friday, November 9th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Potbelly had a negative net margin of 2.72% and a positive return on equity of 7.35%. The business had revenue of $107.00 million for the quarter, compared to the consensus estimate of $109.82 million. During the same period last year, the firm posted $0.07 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Potbelly Corp will post 0.26 EPS for the current fiscal year.
Several equities analysts have issued reports on PBPB shares. BidaskClub cut Potbelly from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Maxim Group upgraded Potbelly from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a report on Wednesday, October 10th. ValuEngine raised Potbelly from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. TheStreet lowered Potbelly from a “c” rating to a “d+” rating in a research note on Monday, November 12th. Finally, Zacks Investment Research lowered Potbelly from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.00.
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Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of November 9, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.
Further Reading: Market Capitalization and Individual Investors
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