Potbelly Corp (NASDAQ:PBPB) announced that Carl Warschausky has been appointed to Potbelly’s Board of Directors. Since September 2008, Mr. Warschausky has been the President and Chief Executive Officer of World Kitchen, LLC, a global housewares and consumer products manufacturer. Mr. Warschausky has been with World Kitchen, LLC since 2008, serving in various roles including Chief Operating Officer, President of the North America division, and Chief Financial Officer.
“We are pleased to have Carl join our Board,” said Aylwin Lewis, Chairman and Chief Executive Officer of Potbelly. “His extensive finance and general management experience in dynamic industries as well as his global perspective and experience will be a benefit to the Company.” (Original Source)
Shares of Potbelly closed yesterday at $13.96 . PBPB has a 1-year high of $16.91 and a 1-year low of $10.91. The stock’s 50-day moving average is $14.34 and its 200-day moving average is $13.64.
On the ratings front, Potbelly has been the subject of a number of recent research reports. In a report issued on February 27, Piper Jaffray analyst Nicole Miller Regan downgraded PBPB to Sell, with a price target of $12, which implies a downside of 14.0% from current levels. Separately, on February 18, Merrill Lynch’s Joseph Buckley maintained a Hold rating on the stock and has a price target of $17.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Nicole Miller Regan and Joseph Buckley have a total average return of 4.9% and 4.0% respectively. Regan has a success rate of 58.4% and is ranked #1095 out of 3606 analysts, while Buckley has a success rate of 66.7% and is ranked #1594.
Potbelly Corporation, through its wholly-owned subsidiary, Potbelly Sandwich Works LLC, operates Potbelly Sandwich Works sandwich shops in 26 states & the District of Columbia. It offerstoasty warm sandwiches, signature salads & other fresh menu items.