FY2025 EPS Estimates for Potbelly Increased by William Blair

Potbelly Co. (NASDAQ:PBPB - Free Report) - Research analysts at William Blair boosted their FY2025 earnings per share (EPS) estimates for shares of 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 $0.27 per share for the year, up from their prior forecast of $0.23. The consensus estimate for Potbelly's current full-year earnings is $0.21 per share.

Potbelly Stock Up 0.3 %

Potbelly stock traded up $0.04 during mid-day trading on Thursday, reaching $10.41. The stock had a trading volume of 181,225 shares, compared to its average volume of 154,636. The firm has a market capitalization of $311.56 million, a PE ratio of 8.32 and a beta of 1.32. Potbelly has a fifty-two week low of $6.28 and a fifty-two week high of $14.36. The stock's 50-day simple moving average is $9.77 and its 200-day simple moving average is $8.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49.

Insider Activity at Potbelly

In related news, major shareholder David Nierenberg acquired 7,600 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was purchased 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 approximately $941,441.54. This trade represents a 8.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Potbelly

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC bought a new stake in Potbelly in the 3rd quarter worth about $2,332,000. Portolan Capital Management LLC grew its holdings in shares of Potbelly by 21.7% in the third quarter. Portolan Capital Management LLC now owns 902,529 shares of the company's stock valued at $7,527,000 after acquiring an additional 160,763 shares in the last quarter. 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 during the last quarter. Squarepoint Ops LLC bought a new stake in Potbelly during the second quarter worth $1,070,000. Finally, Hodges Capital Management Inc. boosted its position in Potbelly by 29.4% in the third quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company's stock worth $3,169,000 after purchasing an additional 86,445 shares during the last quarter. 72.60% of the stock is owned by hedge funds and other institutional investors.

Potbelly Company Profile

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.