Media coverage about Potbelly Sandwich Works (NASDAQ:PBPB) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Potbelly Sandwich Works earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.5361648909555 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have issued reports on the stock. Maxim Group increased their target price on shares of Potbelly Sandwich Works from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, May 9th. Zacks Investment Research upgraded shares of Potbelly Sandwich Works from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Thursday, January 18th. Finally, ValuEngine cut shares of Potbelly Sandwich Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Potbelly Sandwich Works presently has a consensus rating of “Hold” and an average target price of $14.00.
Potbelly Sandwich Works opened at $13.25 on Friday, according to Marketbeat Ratings. Potbelly Sandwich Works has a 1 year low of $12.65 and a 1 year high of $12.87. The company has a market capitalization of $333.35 million, a price-to-earnings ratio of 42.74, a PEG ratio of 1.75 and a beta of 0.76.
In other news, insider Anne Ewing sold 9,220 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $13.16, for a total value of $121,335.20. Following the transaction, the insider now owns 13,088 shares of the company’s stock, valued at approximately $172,238.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew J. Revord sold 20,000 shares of the stock in a transaction on Friday, May 11th. The stock was 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 directly owns 12,010 shares in the company, valued at approximately $155,049.10. The disclosure for this sale can be found here. Insiders sold a total of 30,087 shares of company stock worth $390,693 in the last three months. Insiders own 9.60% of the company’s stock.
About Potbelly Sandwich Works
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.
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