Potbelly Corp. (PBPB) Trading 1.5% Higher
Potbelly Corp. (NASDAQ:PBPB)’s share price traded up 1.5% on Tuesday . The stock traded as high as $13.36 and last traded at $13.27, with a volume of 55,552 shares. The stock had previously closed at $13.08.
Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Potbelly Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 20th. TheStreet upgraded shares of 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 given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.30.
The company’s 50-day moving average is $12.78 and its 200-day moving average is $12.69. The company has a market cap of $346.03 million and a price-to-earnings ratio of 60.00.
Potbelly Corp. (NASDAQ:PBPB) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The business earned $96 million during the quarter, compared to analyst estimates of $96.19 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that Potbelly Corp. will post $0.37 earnings per share for the current year.
In related news, SVP Matthew J. Revord sold 30,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $12.46, for a total value of $373,800.00. Following the transaction, the senior vice president now directly owns 30,000 shares in the company, valued at $373,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A hedge fund recently raised its stake in Potbelly Corp. stock. Comerica Bank raised its stake in shares of Potbelly Corp. (NASDAQ:PBPB) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,308 shares of the company’s stock after buying an additional 22,334 shares during the period. Comerica Bank owned approximately 1.02% of Potbelly Corp. worth $3,492,000 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.
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