FY2025 EPS Estimates for Potbelly Reduced by William Blair

Potbelly Co. (NASDAQ:PBPB) – Equities research analysts at William Blair reduced their FY2025 earnings per share estimates for Potbelly in a report issued 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 Trading Up 0.7 %

Shares of PBPB opened at $9.07 on Friday. The firm has a market capitalization of $271.53 million, a price-to-earnings ratio of 7.26 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.49 and a quick ratio of 0.43. Potbelly has a 1-year low of $6.28 and a 1-year high of $14.36. The company has a 50-day moving average of $9.59 and a 200 day moving average of $8.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Potbelly in the second quarter valued at about $25,000. FMR LLC lifted its position in Potbelly by 1,101.9% during the third quarter. FMR LLC now owns 8,678 shares of the company’s stock valued at $72,000 after acquiring an additional 7,956 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Potbelly in the second quarter valued at approximately $86,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Potbelly in the third quarter worth $87,000. Finally, Quarry LP increased its position in shares of Potbelly by 662.9% during the third quarter. Quarry LP now owns 10,925 shares of the company’s stock worth $91,000 after purchasing an additional 9,493 shares in the last quarter. 72.60% of the stock is currently owned by institutional investors.

Insider Transactions at Potbelly

In other news, major shareholder David Nierenberg purchased 7,600 shares of the business’s stock in a transaction dated 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 purchase, the insider now owns 101,998 shares in the company, valued at approximately $941,441.54. This represents a 8.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 9.10% of the company’s stock.

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.