Potbelly Corp. (PBPB) Shares Up 2.4%
Potbelly Corp. (NASDAQ:PBPB)’s share price shot up 2.4% on Wednesday . The company traded as high as $13.44 and last traded at $13.41, with a volume of 127,590 shares trading hands. The stock had previously closed at $13.09.
A number of research firms recently weighed in on PBPB. Zacks Investment Research upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. TheStreet upgraded Potbelly Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Potbelly Corp. in a research report on Monday, May 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.30.
The firm has a market capitalization of $348.37 million and a PE ratio of 60.41. The stock has a 50 day moving average of $12.75 and a 200 day moving average of $12.64.
Potbelly Corp. (NASDAQ:PBPB) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. During the same quarter in the previous year, the firm posted $0.03 EPS. The business earned $96 million during the quarter, compared to the consensus estimate of $96.19 million. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts predict that Potbelly Corp. will post $0.37 earnings per share for the current year.
In other Potbelly Corp. news, SVP Matthew J. Revord sold 30,000 shares of Potbelly Corp. stock in a transaction on Friday, July 1st. The stock was sold at an average price of $12.46, for a total value of $373,800.00. Following the completion of the transaction, the senior vice president now owns 30,000 shares in the company, valued at approximately $373,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in Potbelly Corp. stock. Morgan Stanley raised its stake in shares of Potbelly Corp. (NASDAQ:PBPB) by 257.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,791 shares of the company’s stock after buying an additional 179,926 shares during the period. Morgan Stanley owned about 0.82% of Potbelly Corp. worth $2,925,000 as of its most recent filing with the SEC.
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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