William Blair Issues Positive Estimate for Potbelly Earnings

Potbelly Co. (NASDAQ:PBPB) – Stock analysts at William Blair boosted their FY2025 earnings estimates for shares of Potbelly in a report released on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.27 per share for the year, up from their previous forecast of $0.23. The consensus estimate for Potbelly’s current full-year earnings is $0.21 per share.

Potbelly Trading Down 0.6 %

Shares of NASDAQ:PBPB opened at $10.37 on Thursday. The company has a 50-day simple moving average of $9.77 and a 200 day simple moving average of $8.46. The company has a market capitalization of $310.48 million, a P/E ratio of 8.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. Potbelly has a 52-week low of $6.28 and a 52-week high of $14.36.

Insider Activity

In other Potbelly news, major shareholder David Nierenberg bought 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $9.23 per share, with a total value of $70,148.00. Following the acquisition, the insider now owns 101,998 shares of the company’s stock, valued at $941,441.54. The trade was a 8.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Potbelly

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Potbelly by 1,101.9% in the third quarter. FMR LLC now owns 8,678 shares of the company’s stock valued at $72,000 after purchasing an additional 7,956 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Potbelly in the 2nd quarter valued at about $86,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Potbelly in the 3rd quarter valued at about $87,000. Quarry LP lifted its position in Potbelly by 662.9% during the third quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after acquiring an additional 9,493 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Potbelly during the second quarter worth approximately $137,000. 72.60% of the stock is owned by institutional investors.

About Potbelly

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.