FY2024 EPS Estimates for Potbelly Lifted by William Blair

Potbelly Co. (NASDAQ:PBPB) – Investment analysts at William Blair boosted their FY2024 earnings estimates for shares of Potbelly in a research report issued to clients and investors on Friday, November 8th. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.21 per share for the year, up from their prior estimate of $0.20. 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 $0.04 EPS.

PBPB has been the topic of a number of other reports. Craig Hallum dropped their price objective on shares of Potbelly from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Potbelly in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Potbelly Stock Up 5.9 %

Shares of NASDAQ:PBPB opened at $10.56 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average price is $8.10 and its 200 day moving average price is $8.08. The stock has a market cap of $316.17 million, a price-to-earnings ratio of 8.45 and a beta of 1.21. Potbelly has a fifty-two week low of $6.28 and a fifty-two week high of $14.36.

Hedge Funds Weigh In On Potbelly

Several large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC lifted its position in Potbelly by 17.7% in the 2nd 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. Silvercrest Asset Management Group LLC bought a new stake in Potbelly during the first quarter valued at about $5,820,000. Russell Investments Group Ltd. grew its position in shares of Potbelly by 224.9% in the first quarter. Russell Investments Group Ltd. now owns 300,736 shares of the company’s stock valued at $3,642,000 after purchasing an additional 208,170 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Potbelly by 152.1% in the second quarter. Hodges Capital Management Inc. now owns 293,570 shares of the company’s stock worth $2,357,000 after purchasing an additional 177,100 shares during the period. Finally, Western Standard LLC acquired a new position in shares of Potbelly during the 1st quarter worth about $2,208,000. 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.