Potbelly Corp (PBPB) Sees Significant Decline in Short Interest

Potbelly Corp (NASDAQ:PBPB) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,374,909 shares, a decrease of 0.6% from the March 15th total of 1,382,903 shares. Based on an average daily trading volume, of 162,819 shares, the short-interest ratio is presently 8.4 days.

Potbelly Corp (NASDAQ:PBPB) traded down 0.71% during mid-day trading on Friday, reaching $13.90. The company’s stock had a trading volume of 168,999 shares. Potbelly Corp has a 12-month low of $11.58 and a 12-month high of $14.78. The firm’s 50 day moving average price is $13.41 and its 200 day moving average price is $13.31. The stock has a market cap of $348.49 million, a price-to-earnings ratio of 44.84 and a beta of 0.96.

Potbelly Corp (NASDAQ:PBPB) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.08. Potbelly Corp had a return on equity of 8.23% and a net margin of 1.87%. The company had revenue of $102.40 million for the quarter, compared to the consensus estimate of $102.27 million. During the same quarter in the prior year, the business earned $0.08 EPS. Potbelly Corp’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that Potbelly Corp will post $0.47 earnings per share for the current year.



PBPB has been the topic of several recent research reports. TheStreet upgraded Potbelly Corp from a “c+” rating to a “b-” rating in a report on Friday, March 31st. Zacks Investment Research lowered Potbelly Corp from a “buy” rating to a “hold” rating in a report on Wednesday, January 4th.

In related news, insider Anne Ewing sold 25,000 shares of the stock in a transaction on Friday, February 17th. The stock was sold at an average price of $13.56, for a total transaction of $339,000.00. Following the sale, the insider now owns 25,000 shares in the company, valued at approximately $339,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.30% of the company’s stock.

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Potbelly Corp during the fourth quarter valued at $146,000. Stevens Capital Management LP increased its stake in shares of Potbelly Corp by 11.6% in the third quarter. Stevens Capital Management LP now owns 12,960 shares of the company’s stock valued at $161,000 after buying an additional 1,349 shares during the period. Stephens Inc. AR increased its stake in shares of Potbelly Corp by 17.1% in the third quarter. Stephens Inc. AR now owns 15,100 shares of the company’s stock valued at $188,000 after buying an additional 2,200 shares during the period. Zacks Investment Management bought a new stake in shares of Potbelly Corp during the third quarter valued at $229,000. Finally, Trexquant Investment LP bought a new stake in shares of Potbelly Corp during the fourth quarter valued at $264,000. Institutional investors own 71.76% of the company’s stock.

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About Potbelly Corp

Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. 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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