William Blair Analysts Raise Earnings Estimates for Potbelly

Potbelly Co. (NASDAQ:PBPB) – Research analysts at William Blair increased their FY2025 earnings per share estimates for shares of Potbelly in a report issued on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.27 per share for the year, up from their prior forecast of $0.23. The consensus estimate for Potbelly’s current full-year earnings is $0.21 per share.

Potbelly Stock Down 0.2 %

Shares of NASDAQ:PBPB opened at $10.35 on Thursday. The company has a 50 day moving average price of $9.77 and a two-hundred day moving average price of $8.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49. The company has a market capitalization of $309.88 million, a PE ratio of 8.28 and a beta of 1.32. Potbelly has a 52 week low of $6.28 and a 52 week high of $14.36.

Institutional Trading of Potbelly

Large investors have recently bought and sold shares of the business. XTX Topco Ltd lifted its stake in Potbelly by 4.8% in the third quarter. XTX Topco Ltd now owns 31,984 shares of the company’s stock valued at $267,000 after buying an additional 1,456 shares in the last quarter. American Century Companies Inc. lifted its position in Potbelly by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 55,969 shares of the company’s stock valued at $449,000 after acquiring an additional 3,999 shares in the last quarter. Rhumbline Advisers boosted its stake in Potbelly by 21.6% in the 2nd quarter. Rhumbline Advisers now owns 35,146 shares of the company’s stock worth $282,000 after purchasing an additional 6,239 shares during the period. GSA Capital Partners LLP increased its holdings in Potbelly by 8.0% during the 3rd quarter. GSA Capital Partners LLP now owns 94,765 shares of the company’s stock worth $790,000 after purchasing an additional 6,997 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Potbelly by 9.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 85,048 shares of the company’s stock valued at $683,000 after purchasing an additional 7,012 shares during the period. 72.60% of the stock is owned by institutional investors.

Insider Activity

In other Potbelly news, major shareholder David Nierenberg purchased 4,740 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of $9.36 per share, with a total value of $44,366.40. Following the completion of the transaction, the insider now directly owns 3,150 shares in the company, valued at $29,484. This trade represents a -298.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is owned by company 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.