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Potbelly Corp (NASDAQ:PBPB) shares were down 4% during trading on Friday following insider selling activity, Analyst Ratings News reports. The stock traded as low as $16.03 and last traded at $16.14, with a volume of 428,878 shares. The stock had previously closed at $16.82.

Specifically, Director Bryant L. Keil sold 170,000 shares of Potbelly Corp stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $15.86, for a total value of $2,696,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of research firms have recently commented on PBPB. Analysts at William Blair upgraded shares of Potbelly Corp from a “market perform” rating to an “outperform” rating in a research note on Sunday, April 6th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Potbelly Corp currently has a consensus rating of “Buy” and a consensus price target of $27.67.

The stock has a 50-day moving average of $15.81 and a 200-day moving average of $20.12. The company’s market cap is $473.1 million.

Potbelly Corp (NASDAQ:PBPB) last released its earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $73.90 million for the quarter, compared to the consensus estimate of $73.66 million. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Potbelly Corp will post $0.34 EPS for the current fiscal year.

Potbelly Corporation is a neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items.

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