Somewhat Positive Media Coverage Somewhat Unlikely to Impact Potbelly (PBPB) Stock Price

News stories about Potbelly (NASDAQ:PBPB) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Potbelly earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.118366183622 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of brokerages recently issued reports on PBPB. ValuEngine lowered shares of Potbelly from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Zacks Investment Research lowered shares of Potbelly from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. Maxim Group upped their price objective on shares of Potbelly from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, May 9th. Finally, BidaskClub raised shares of Potbelly from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.

Potbelly traded up $0.10, hitting $12.70, during mid-day trading on Wednesday, reports. 97,552 shares of the company were exchanged, compared to its average volume of 173,485. The firm has a market cap of $318.08 million, a PE ratio of 40.97, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. Potbelly has a 12-month low of $10.60 and a 12-month high of $13.75.

Potbelly (NASDAQ:PBPB) last announced its earnings results on Tuesday, May 8th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $102.90 million during the quarter, compared to analyst estimates of $103.22 million. Potbelly had a negative net margin of 2.29% and a positive return on equity of 6.17%. Potbelly’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. sell-side analysts anticipate that Potbelly will post 0.38 EPS for the current fiscal year.

In other Potbelly news, SVP Matthew J. Revord sold 20,000 shares of the stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. Following the completion of the transaction, the senior vice president now owns 12,010 shares of the company’s stock, valued at $155,049.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 10.20% of the company’s stock.

About Potbelly

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. It offers toasty warm sandwiches, salads, and other items. As of February 23, 2018, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, the United Kingdom, Canada, and India.

Insider Buying and Selling by Quarter for Potbelly (NASDAQ:PBPB)

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