Insider Buying: Patrick Bennett Acquires 15,000 Shares of Cosi Stock (COSI)
Cosi (NASDAQ:COSI) Director Patrick Bennett purchased 15,000 shares of Cosi stock on the open market in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $1.47 per share, with a total value of $22,050.00. Following the transaction, the director now directly owns 16,751 shares in the company, valued at approximately $24,624. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cosi (NASDAQ:COSI) traded up 12.50% on Thursday, hitting $1.80. The stock had a trading volume of 544,124 shares. Cosi has a 52-week low of $0.94 and a 52-week high of $2.70. The stock has a 50-day moving average of $1.27 and a 200-day moving average of $1.23. The company’s market cap is $35.0 million.
Cosi (NASDAQ:COSI) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.08. On average, analysts predict that Cosi will post $-0.42 earnings per share for the current fiscal year.
Cosi, Inc owns, operates and franchises restaurants, which sells hot and cold sandwiches, freshly-tossed salads, breakfast wraps, Cosi Squagels, hot melts, flatbread pizzas, S’mores and other desserts, and a variety of coffees and specialty coffees along with other soft drink beverages, bottled beverages including premium still and sparkling water, teas and beer and wine in some locations.
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