Potbelly Co. (NASDAQ:PBPB - Free Report) - Equities researchers at William Blair cut their FY2025 earnings per share (EPS) estimates for Potbelly in a research note issued to investors on Wednesday, January 8th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.23 per share for the year, down from their previous forecast of $0.25. The consensus estimate for Potbelly's current full-year earnings is $0.21 per share.
Potbelly Trading Up 0.7 %
PBPB stock traded up $0.06 during midday trading on Friday, hitting $9.07. The stock had a trading volume of 173,606 shares, compared to its average volume of 119,068. The business has a fifty day moving average price of $9.59 and a two-hundred day moving average price of $8.39. Potbelly has a 1-year low of $6.28 and a 1-year high of $14.36. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a market cap of $271.53 million, a P/E ratio of 7.26 and a beta of 1.32.
Insider Activity at Potbelly
In other news, major shareholder David Nierenberg acquired 4,740 shares of Potbelly stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of $9.36 per share, with a total value of $44,366.40. Following the completion of the purchase, the insider now owns 3,150 shares of the company's stock, valued at approximately $29,484. The trade was a -298.11 % increase in their position. The purchase 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 corporate insiders.
Hedge Funds Weigh In On Potbelly
Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Potbelly in the second quarter valued at $25,000. FMR LLC lifted its position in Potbelly by 1,101.9% in the 3rd quarter. FMR LLC now owns 8,678 shares of the company's stock valued at $72,000 after acquiring an additional 7,956 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Potbelly during the 2nd quarter valued at about $86,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Potbelly in the 3rd quarter valued at $87,000. Finally, Quarry LP grew its stake in Potbelly by 662.9% in the 3rd quarter. Quarry LP now owns 10,925 shares of the company's stock valued at $91,000 after purchasing an additional 9,493 shares during the period. 72.60% of the stock is currently owned by institutional investors.
Potbelly Company Profile
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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.
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