FY2025 EPS Estimates for Potbelly Lowered by William Blair

Potbelly Co. (NASDAQ:PBPB) – Investment analysts at William Blair reduced their FY2025 earnings per share estimates for shares of Potbelly in a note issued to investors on Wednesday, January 8th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.23 per share for the year, down from their prior estimate of $0.25. The consensus estimate for Potbelly’s current full-year earnings is $0.21 per share.

Potbelly Trading Up 0.7 %

Shares of NASDAQ:PBPB opened at $9.07 on Friday. The business has a 50-day moving average price of $9.59 and a 200-day moving average price of $8.39. The stock has a market cap of $271.53 million, a price-to-earnings ratio of 7.26 and a beta of 1.32. Potbelly has a 52-week low of $6.28 and a 52-week high of $14.36. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In related news, major shareholder David Nierenberg purchased 7,600 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of $9.23 per share, with a total value of $70,148.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.10% of the stock is currently owned by insiders.

Institutional Trading of Potbelly

Hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its holdings in Potbelly by 17.7% during the second quarter. First Eagle Investment Management LLC now owns 1,011,328 shares of the company’s stock worth $8,121,000 after buying an additional 152,200 shares in the last quarter. Portolan Capital Management LLC boosted its stake in shares of Potbelly by 21.7% during the 3rd quarter. Portolan Capital Management LLC now owns 902,529 shares of the company’s stock worth $7,527,000 after acquiring an additional 160,763 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Potbelly by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 608,336 shares of the company’s stock valued at $5,074,000 after acquiring an additional 21,188 shares during the period. State Street Corp increased its stake in shares of Potbelly by 1.4% in the 3rd quarter. State Street Corp now owns 498,915 shares of the company’s stock valued at $4,161,000 after purchasing an additional 7,022 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in Potbelly by 29.4% in the 3rd 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 period. Hedge funds and other institutional investors own 72.60% of the company’s stock.

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.