FY2025 EPS Estimates for Potbelly Lowered by William Blair

Potbelly Co. (NASDAQ:PBPB) – Analysts at William Blair reduced their FY2025 earnings per share estimates for Potbelly in a report released on Wednesday, January 8th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.23 for the year, down from their previous estimate of $0.25. The consensus estimate for Potbelly’s current full-year earnings is $0.21 per share.

Potbelly Stock Down 0.8 %

Shares of PBPB stock opened at $9.01 on Friday. The company has a 50 day simple moving average of $9.59 and a two-hundred day simple moving average of $8.39. The stock has a market cap of $269.73 million, a P/E ratio of 7.21 and a beta of 1.32. Potbelly has a 12 month low of $6.28 and a 12 month 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBPB. Cerity Partners LLC bought a new stake in Potbelly in the 3rd quarter valued at $2,332,000. Portolan Capital Management LLC boosted its stake in Potbelly by 21.7% during the third quarter. Portolan Capital Management LLC now owns 902,529 shares of the company’s stock valued at $7,527,000 after buying an additional 160,763 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Potbelly by 17.7% during 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 acquiring an additional 152,200 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Potbelly in the second quarter worth $1,070,000. Finally, Hodges Capital Management Inc. lifted its stake in shares of Potbelly by 29.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 380,015 shares of the company’s stock valued at $3,169,000 after purchasing an additional 86,445 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder David Nierenberg bought 4,740 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $9.36 per share, with a total value of $44,366.40. Following the acquisition, the insider now owns 3,150 shares of the company’s stock, valued at approximately $29,484. This represents a -298.11 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.10% of the stock is owned by insiders.

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.