Potbelly Co. (NASDAQ:PBPB - Free Report) - William Blair lowered their FY2025 earnings per share estimates for shares of Potbelly in a research report issued on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will earn $0.24 per share for the year, down from their prior estimate of $0.26. The consensus estimate for Potbelly's current full-year earnings is $0.20 per share.
Other research analysts have also issued reports about the company. Craig Hallum decreased their price objective on Potbelly from $20.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Benchmark reaffirmed a "buy" rating and set a $16.00 price objective on shares of Potbelly in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.
Get Our Latest Stock Report on Potbelly
Potbelly Price Performance
Shares of PBPB traded up $0.07 during mid-day trading on Monday, hitting $7.85. 152,531 shares of the company traded hands, compared to its average volume of 231,156. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $8.04 and a 200 day moving average of $8.23. Potbelly has a one year low of $6.28 and a one year high of $14.36. The stock has a market capitalization of $235.03 million, a price-to-earnings ratio of 6.65 and a beta of 1.19.
Potbelly (NASDAQ:PBPB - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. Potbelly had a return on equity of 21.42% and a net margin of 7.58%. The business had revenue of $119.70 million during the quarter, compared to analysts' expectations of $119.00 million. During the same period in the previous year, the business posted $0.07 earnings per share.
Institutional Investors Weigh In On Potbelly
A number of hedge funds have recently modified their holdings of PBPB. First Eagle Investment Management LLC increased its stake in Potbelly by 17.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company's stock worth $8,121,000 after purchasing an additional 152,200 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of Potbelly during the first quarter worth $5,820,000. Russell Investments Group Ltd. raised its holdings in shares of Potbelly by 224.9% during the first quarter. Russell Investments Group Ltd. now owns 300,736 shares of the company's stock worth $3,642,000 after acquiring an additional 208,170 shares during the period. Hodges Capital Management Inc. lifted its position in Potbelly by 152.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 293,570 shares of the company's stock valued at $2,357,000 after acquiring an additional 177,100 shares in the last quarter. Finally, Western Standard LLC acquired a new position in Potbelly in the 1st quarter worth $2,208,000. Institutional investors and hedge funds own 72.60% of the company's stock.
Insider Buying and Selling at Potbelly
In other news, major shareholder Nierenberg Investment Manageme purchased 45,772 shares of Potbelly stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $6.48 per share, with a total value of $296,602.56. Following the completion of the transaction, the insider now directly owns 1,546,211 shares in the company, valued at $10,019,447.28. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.10% of the company's stock.
About Potbelly
(
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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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