FY2024 EPS Estimates for Potbelly Raised by William Blair

Potbelly Co. (NASDAQ:PBPB) – Analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Potbelly in a research note issued on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.24 per share for the year, up from their previous forecast of $0.21. 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 $0.06 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.07 EPS.

Potbelly Price Performance

Shares of NASDAQ PBPB opened at $10.37 on Wednesday. The stock has a fifty day simple moving average of $9.73 and a two-hundred day simple moving average of $8.45. Potbelly has a 1-year low of $6.28 and a 1-year high of $14.36. The firm has a market cap of $310.45 million, a price-to-earnings ratio of 8.30 and a beta of 1.32. 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 Investors Weigh In On Potbelly

A number of institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd raised its position in shares of Potbelly by 4.8% in the third quarter. XTX Topco Ltd now owns 31,984 shares of the company’s stock worth $267,000 after buying an additional 1,456 shares in the last quarter. American Century Companies Inc. raised its position in shares of Potbelly by 7.7% in the second quarter. American Century Companies Inc. now owns 55,969 shares of the company’s stock worth $449,000 after buying an additional 3,999 shares in the last quarter. Quest Partners LLC raised its position in shares of Potbelly by 47.9% in the second quarter. Quest Partners LLC now owns 15,804 shares of the company’s stock worth $127,000 after buying an additional 5,118 shares in the last quarter. Rhumbline Advisers increased its stake in Potbelly by 21.6% in the second quarter. Rhumbline Advisers now owns 35,146 shares of the company’s stock valued at $282,000 after acquiring an additional 6,239 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Potbelly by 8.0% in the third quarter. GSA Capital Partners LLP now owns 94,765 shares of the company’s stock valued at $790,000 after acquiring an additional 6,997 shares during the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder David Nierenberg bought 7,600 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $9.23 per share, for a total transaction of $70,148.00. Following the completion of the transaction, the insider now directly owns 101,998 shares in the company, valued at approximately $941,441.54. The trade was a 8.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.10% 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.