Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PBPB. TheStreet lowered shares of Potbelly from a "c-" rating to a "d+" rating in a research note on Tuesday, May 24th. StockNews.com started coverage on shares of Potbelly in a research note on Tuesday, August 9th. They issued a "buy" rating for the company.
Potbelly Stock Performance
PBPB Stock opened at $5.80 on Monday. The stock's 50 day simple moving average is $5.33 and its 200 day simple moving average is $5.73. The company has a market cap of $167.38 million, a P/E ratio of -12.89 and a beta of 1.18. Potbelly has a fifty-two week low of $4.83 and a fifty-two week high of $7.41.
Insider Transactions at Potbelly
In other Potbelly news, CEO Robert D. Wright purchased 17,985 shares of Potbelly stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of $5.56 per share, with a total value of $99,996.60. Following the transaction, the chief executive officer now owns 604,461 shares in the company, valued at approximately $3,360,803.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 23,482 shares of company stock valued at $130,450 over the last ninety days. 4.80% of the stock is owned by company insiders.