Q2 2024 Earnings Estimate for Potbelly Co. (NASDAQ:PBPB) Issued By William Blair

Potbelly Co. (NASDAQ:PBPB) – Investment analysts at William Blair dropped their Q2 2024 earnings per share (EPS) estimates for Potbelly in a research note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.06. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Potbelly’s current full-year earnings is $0.19 per share. William Blair also issued estimates for Potbelly’s FY2024 earnings at $0.18 EPS and FY2025 earnings at $0.24 EPS.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Potbelly had a return on equity of 50.06% and a net margin of 1.04%. The company had revenue of $125.75 million for the quarter, compared to analyst estimates of $125.80 million.

PBPB has been the topic of several other research reports. Benchmark raised Potbelly from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, January 12th. StockNews.com lowered Potbelly from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Potbelly Stock Up 1.1 %

NASDAQ:PBPB opened at $10.76 on Friday. The company has a market cap of $319.36 million, a price-to-earnings ratio of 67.25 and a beta of 1.32. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.70 and a current ratio of 0.75. The stock’s fifty day moving average price is $11.95 and its two-hundred day moving average price is $10.89. Potbelly has a 52-week low of $7.12 and a 52-week high of $14.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBPB. AJOVista LLC acquired a new stake in Potbelly during the 4th quarter worth approximately $35,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Potbelly during the third quarter worth $37,000. Tower Research Capital LLC TRC lifted its position in Potbelly by 464.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,229 shares of the company’s stock valued at $65,000 after acquiring an additional 5,126 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Potbelly by 722.7% in the 4th quarter. New York State Common Retirement Fund now owns 9,436 shares of the company’s stock worth $98,000 after purchasing an additional 8,289 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Potbelly during the 4th quarter worth about $216,000. 72.60% of the stock is owned by institutional investors and hedge funds.

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.