Investors Take Note: Potbelly Corp CFO Steven Cirulis Buys Company Stock
In a move that has caught the attention of investors, Steven Cirulis, the Senior Vice President and Chief Financial Officer of Potbelly Corp (NASDAQ: PBPB), recently purchased 1,000 shares of the company’s stock. This transaction, which occurred on March 12, 2024, saw Cirulis invest a total of $11,650 in Potbelly Corp.
This insider purchase by a key executive like Cirulis is often seen as a positive sign for the company’s future prospects. It indicates confidence in the company’s performance and can be a motivating factor for other investors to consider Potbelly Corp as a potential investment opportunity.
Potbelly Corp, known for its delicious sandwiches and casual dining experience, is headquartered in Chicago, Illinois, and trades on the NASDAQ under the ticker symbol PBPB. The company’s focus on providing quality food and a welcoming atmosphere has helped it build a loyal customer base over the years.
Investors interested in Potbelly Corp should also consider other factors such as the company’s financial health and market performance. Using InvestingPro, a deeper analysis reveals that Potbelly Corp has a market capitalization of $331.55 million and a high Price/Earnings (P/E) ratio of 64.11, indicating potential for future earnings growth.
Despite recent share price volatility, Potbelly Corp has shown a strong return over the last three months, with a total return of 17.15%. Analysts have also revised their earnings estimates upwards, suggesting a positive outlook for the company’s financial performance in the coming months.
With Potbelly Corp’s next earnings date approaching on May 2, 2024, investors can access additional insights and analysis on the company’s financial health and market position through InvestingPro. By using the coupon code PRONEWS24, investors can also enjoy a 10% discount on a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
Overall, Steven Cirulis’s stock purchase and the positive indicators from InvestingPro suggest that Potbelly Corp may be a company worth keeping an eye on for potential investment opportunities.
