Potbelly Corp (PBPB) Files Form 4 Insider Selling : John B Morlock Sells 10,000 Shares

Potbelly Corp (PBPB): John B Morlock , SVP, Operations of Potbelly Corp sold 10,000 shares on Apr 13, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $14.00 per share for a total value of $140,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Christopher Carlson (VP, Controller) purchased 500 shares at $13.85 per share price.On Mar 2, 2016, John B Morlock (SVP, Operations) sold 10,000 shares at $13.00 per share price.Also, On Nov 17, 2015, Joshua Boyer (Controller) sold 9,158 shares at $11.88 per share price.On Aug 13, 2015, Carl Warschausky (director) purchased 4,200 shares at $11.91 per share price.

Potbelly Corp: On Friday, Apr 15, 2016 heightened volatility was witnessed in Potbelly Corp which led to swings in the share price. The shares opened for trading at $14.15 and hit $14.445 on the upside , eventually ending the session at $14.35, with a gain of 1.13% or 0.16 points. The heightened volatility saw the trading volume jump to 1,81,145 shares. The 52-week high of the share price is $15.84 and the company has a market cap of $378 M . The 52-week low of the share price is at $9.82.

Potbelly Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Potbelly Corp is Upgraded by Piper Jaffray to Neutral. Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Mar 3, 2016.

Currently the company Insiders own 27.5% of Potbelly Corp shares according to the proxy statements.Institutional Investors own 66.07% of Potbelly Corp shares.

Potbelly Corporation is a neighborhood sandwich concept offering sandwiches salads and other menu items. The Company owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company also has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. The Company has a domestic base of around 351 shops in 26 states of the United States and the District of Columbia consisting of approximately 334 Company-operated shops and around 17 franchisee-operated shops. The Company also has around 12 franchised shops in the Middle East. The Company’s menu includes sandwiches salads soups chili sides desserts and in its breakfast locations breakfast sandwiches and steel cut oatmeal. The Company also offers hand-dipped shakes and smoothies. The Company’s cookie offerings include Oatmeal Chocolate Chip Sugar and Chocolate Brownie cookies.

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