Potbelly Corp. (PBPB) Shares Up 2.4%
Potbelly Corp. (NASDAQ:PBPB) shares shot up 2.4% during trading on Wednesday . The stock 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.
Several research firms have recently commented on PBPB. Zacks Investment Research raised shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. TheStreet raised shares of Potbelly Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 4th. Finally, Robert W. Baird reissued a “buy” rating on shares of Potbelly Corp. in a research note on Monday, May 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.30.
The stock has a 50-day moving average price of $12.78 and a 200 day moving average price of $12.65. The stock has a market capitalization of $345.25 million and a P/E ratio of 59.86.
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. Analysts forecast that Potbelly Corp. will post $0.37 EPS for the current fiscal 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.
An institutional investor recently raised its position in Potbelly Corp. stock. Morgan Stanley boosted its position in Potbelly Corp. (NASDAQ:PBPB) by 257.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.