Steven Cirulis Sells 9,095 Shares of Potbelly Corp (NASDAQ:PBPB) Stock

Potbelly Corp (NASDAQ:PBPB) CFO Steven Cirulis sold 9,095 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $4.01, for a total transaction of $36,470.95. Following the completion of the transaction, the chief financial officer now directly owns 174,231 shares in the company, valued at approximately $698,666.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Potbelly stock opened at $3.93 on Thursday. The company’s 50 day simple moving average is $4.16 and its 200 day simple moving average is $3.09. Potbelly Corp has a fifty-two week low of $1.50 and a fifty-two week high of $6.00. The firm has a market capitalization of $93.92 million, a price-to-earnings ratio of -2.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.69 and a quick ratio of 0.64.

Potbelly (NASDAQ:PBPB) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.17). Potbelly had a negative return on equity of 37.27% and a negative net margin of 11.22%. The firm had revenue of $56.16 million for the quarter, compared to the consensus estimate of $64.10 million. As a group, analysts predict that Potbelly Corp will post -1.61 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Potbelly from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th.

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Potbelly during the 2nd quarter worth approximately $25,000. Two Sigma Advisers LP bought a new position in Potbelly during the 1st quarter worth approximately $80,000. WINTON GROUP Ltd boosted its stake in Potbelly by 126.9% during the 2nd quarter. WINTON GROUP Ltd now owns 32,952 shares of the company’s stock worth $75,000 after acquiring an additional 18,431 shares during the last quarter. Rhumbline Advisers boosted its stake in Potbelly by 20.7% during the 1st quarter. Rhumbline Advisers now owns 41,982 shares of the company’s stock worth $130,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Potbelly by 50.5% during the 1st quarter. Wells Fargo & Company MN now owns 61,700 shares of the company’s stock worth $191,000 after buying an additional 20,691 shares during the period. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Potbelly Company Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, 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.

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