In yesterday’s Wall Street session, Potbelly Corporation (NASDAQ:PBPB) shares traded at $7.14, up 2.00% from the previous session.
As of this writing, 1 analysts cover Potbelly Corporation (NASDAQ:PBPB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $7.00, this indicates a potential downside of -14.29 percent. PBPB stock price is now 28.74% away from the 50-day moving average and 29.31% away from the 200-day moving average. The market capitalization of the company currently stands at $201.70M.
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There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
On November 05, 2019, Maxim Group reiterated its ‘Hold’ rating on the stock by increasing its target price from $4 to quote $5, while the Maxim Group previously rated the stock as ‘Hold’ on July 31, 2019.
In other news, Cirulis Steven, SVP, Chief Financial Officer bought 1,742 shares of the company’s stock on Dec 09. The stock was bought for $9,877 at an average price of $5.67. Upon completion of the transaction, the SVP, Chief Financial Officer now directly owns 304,626 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, President and CEO Wright Robert D. bought 9,325 shares of the business’s stock. A total of $49,982 was incurred on buying the stock at an average price of $5.36. This leaves the insider owning 605,611 shares of the company worth $4.32 million. Insiders disposed of 91,602 shares of company stock worth roughly $0.65 million over the past 1 year. A total of 4.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PBPB stock. A new stake in Potbelly Corporation shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $1,011,000. BOOTHBAY FUND MANAGEMENT, LLC invested $889,000 in shares of PBPB during the first quarter. In the first quarter, ACADIAN ASSET MANAGEMENT LLC acquired a new stake in Potbelly Corporation valued at approximately $150,000. CITADEL ADVISORS LLC acquired a new stake in PBPB for approximately $111,000. O’SHAUGHNESSY ASSET MANAGEMENT, LLC purchased a new stake in PBPB valued at around $100,000 in the second quarter. In total, there are 70 active investors with 59.30% ownership of the company’s stock.
Friday morning saw Potbelly Corporation (NASDAQ: PBPB) opened at $7.04. During the past 12 months, Potbelly Corporation has had a low of $4.31 and a high of $7.14. As of last week, the company has a debt-to-equity ratio of 9.18, a current ratio of 0.40, and a quick ratio of 0.30. The fifty day moving average price for PBPB is $5.59 and a two-hundred day moving average price translates $5.53 for the stock.
The latest earnings results from Potbelly Corporation (NASDAQ: PBPB) was released for Jun, 2022. According to the Restaurants Company, earnings per share came in at -$0.05, missing analysts’ expectations of $0.04 by -0.09. This compares to -$0.10 EPS in the same period last year. The net profit margin was -0.20% and return on equity was 16.00% for PBPB. The company reported revenue of $117.65 million for the quarter, compared to $101.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.69 percent. For the current quarter, analysts expect PBPB to generate $118.07M in revenue.
Potbelly Corporation(PBPB) Company Profile
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
