FY2024 EPS Estimates for Potbelly Lifted by William Blair

Potbelly Co. (NASDAQ:PBPB - Free Report) - William Blair raised their FY2024 earnings estimates for shares of Potbelly in a research report issued to clients and investors on Friday, November 8th. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.21 per share for the year, up from their previous forecast of $0.20. 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 $0.04 EPS.

Potbelly (NASDAQ:PBPB - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Potbelly had a net margin of 8.14% and a return on equity of 23.77%. The firm had revenue of $119.70 million for the quarter, compared to analyst estimates of $119.00 million. During the same period in the prior year, the business posted $0.07 EPS.

Several other brokerages have also commented on PBPB. Craig Hallum decreased their price objective on shares of Potbelly from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Potbelly in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Potbelly has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

Potbelly Trading Up 5.9 %

Shares of PBPB stock traded up $0.59 during trading hours on Monday, hitting $10.56. The company had a trading volume of 331,442 shares, compared to its average volume of 230,833. The company's fifty day moving average is $8.05 and its 200 day moving average is $8.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.45 and a quick ratio of 0.39. Potbelly has a fifty-two week low of $6.28 and a fifty-two week high of $14.36. The stock has a market capitalization of $316.17 million, a PE ratio of 7.98 and a beta of 1.21.

Institutional Investors Weigh In On Potbelly

Several large investors have recently added to or reduced their stakes in PBPB. Silvercrest Asset Management Group LLC purchased a new stake in Potbelly during the 1st quarter worth approximately $5,820,000. Russell Investments Group Ltd. increased its position in shares of Potbelly by 224.9% in the 1st quarter. Russell Investments Group Ltd. now owns 300,736 shares of the company's stock valued at $3,642,000 after purchasing an additional 208,170 shares during the last quarter. Western Standard LLC purchased a new stake in shares of Potbelly in the 1st quarter valued at approximately $2,208,000. Hodges Capital Management Inc. increased its position in shares of 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 purchasing an additional 177,100 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Potbelly by 17.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company's stock valued at $8,121,000 after purchasing an additional 152,200 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.