Potbelly Corporation (PBPB) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Paterniano Del Favero
Agosto 5, 2017

American International Group Inc. now owns 14,685 shares of the company's stock valued at $204,000 after buying an additional 983 shares during the period. Vivaldi Capital Management LLC bought a new stake in Potbelly Corporation during the first quarter valued at $3,285,682,000. Corporate insiders own 9.60% of the company's stock. Wells Fargo & Company MN now owns 61,223 shares of the company's stock valued at $852,000 after buying an additional 6,653 shares in the last quarter. During the same quarter a year ago, the firm posted $0.13 EPS.

According to the latest data, investors are looking at Potbelly Corporation (NASDAQ:PBPB)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. BidaskClub cut Potbelly Corporation from a "hold" rating to a "sell" rating in a report on Friday, July 28th.

Potbelly Corporation (PBPB) traded up 2.29% during mid-day trading on Friday, reaching $11.15. The firm has a 50-day moving average of $11.90 and a 200 day moving average of $12.54. Potbelly Corporation had a return on equity of 9.73% and a net margin of 1.89%. Dimensional Fund Advisors LP raised its position in Potbelly Corporation by 33.5% in the first quarter.

The P/E ratio is 38.056 and the market cap is 286.89M. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Potbelly Corporation has a consensus rating of "Hold" and a consensus target price of $13.50. Potbelly Corporation has a one year low of $10.50 and a one year high of $14.55. The firm had revenue of $108.10 million during the quarter, compared to analyst estimates of $109.78 million. Dubuque Bank & Trust Co. purchased a new position in Potbelly Corporation during the first quarter valued at about $168,000. Hedge funds and other institutional investors own 73.76% of the company's stock. Teachers Advisors LLC now owns 45,519 shares of the company's stock valued at $587,000 after buying an additional 7,984 shares during the period.

TRADEMARK VIOLATION WARNING: "HighTower Advisors LLC Acquires New Position in Potbelly Corporation (NASDAQ:PBPB)" was first reported by The Cerbat Gem and is the property of of The Cerbat Gem.

In related news, Director Peter A. Bassi acquired 8,650 shares of the firm's stock in a transaction that occurred on Monday, May 8th. On average, equities analysts expect that Potbelly Corporation will post $0.37 earnings per share for the current fiscal year. The shares were purchased at an average price of $11.47 per share, with a total value of $99,215.50. The original version of this article can be accessed at https://www.com-unik.info/2017/08/04/prudential-financial-inc-buys-shares-of-49200-potbelly-corporation-nasdaqpbpb-updated.html. If you are reading this article on another website, it was stolen and reposted in violation of USA and global copyright & trademark legislation. Following the transaction, the director now owns 19,287 shares of the company's stock, valued at $221,221.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Potbelly Corporation, launched on June 5, 2001, owns and operates Potbelly Sandwich Works sandwich shops in the United States. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.

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