FY2024 EPS Estimates for Potbelly Boosted by William Blair

Potbelly Co. (NASDAQ:PBPB - Free Report) - Analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for Potbelly in a research note issued to investors on Monday, January 13th. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.24 per share for the year, up from their previous forecast of $0.21. The consensus estimate for Potbelly's current full-year earnings is $0.21 per share. William Blair also issued estimates for Potbelly's Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.07 EPS.

Potbelly Trading Down 0.6 %

Potbelly stock traded down $0.06 during mid-day trading on Wednesday, hitting $10.37. The company's stock had a trading volume of 246,730 shares, compared to its average volume of 153,537. The stock has a market cap of $310.45 million, a price-to-earnings ratio of 8.30 and a beta of 1.32. The business has a 50 day moving average price of $9.73 and a 200-day moving average price of $8.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43. Potbelly has a 12 month low of $6.28 and a 12 month high of $14.36.

Institutional Investors Weigh In On Potbelly

Several hedge funds have recently added to or reduced their stakes in PBPB. First Eagle Investment Management LLC increased its position in shares of Potbelly by 17.7% during the second quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company's stock valued at $8,121,000 after acquiring an additional 152,200 shares in the last quarter. Portolan Capital Management LLC increased its holdings in Potbelly by 21.7% in the 3rd quarter. Portolan Capital Management LLC now owns 902,529 shares of the company's stock worth $7,527,000 after buying an additional 160,763 shares in the last quarter. Geode Capital Management LLC raised its position in Potbelly by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 608,336 shares of the company's stock worth $5,074,000 after buying an additional 21,188 shares during the last quarter. State Street Corp raised its position in Potbelly by 1.4% in the 3rd quarter. State Street Corp now owns 498,915 shares of the company's stock worth $4,161,000 after buying an additional 7,022 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in Potbelly by 29.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company's stock valued at $3,169,000 after acquiring an additional 86,445 shares during the period. 72.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Potbelly news, major shareholder David Nierenberg bought 7,600 shares of Potbelly stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of $9.23 per share, with a total value of $70,148.00. Following the transaction, the insider now directly owns 101,998 shares of the company's stock, valued at $941,441.54. This represents a 8.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is owned by insiders.

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.