Equities Analysts Offer Predictions for Potbelly Q3 Earnings

Key Points

• William Blair has decreased its Q3 2025 earnings per share estimate for Potbelly Corporation from $0.09 to $0.08, while the consensus estimate for the full year is $0.24 per share.
• Potbelly recently reported earnings of $0.09 per share for its last quarter, exceeding the expected $0.08, with revenues of $123.71 million.
• Several analysts have modified their ratings on Potbelly, with one raising its price target from $17.00 to $18.00 and recommending a "buy" rating.

Potbelly Corporation (NASDAQ:PBPB - Free Report) - Equities researchers at William Blair decreased their Q3 2025 EPS estimates for shares of Potbelly in a research report issued to clients and investors on Thursday, August 7th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.09. The consensus estimate for Potbelly's current full-year earnings is $0.24 per share. William Blair also issued estimates for Potbelly's Q4 2025 earnings at $0.08 EPS and FY2026 earnings at $0.30 EPS.

PBPB has been the subject of several other reports. Wall Street Zen cut shares of Potbelly from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Benchmark upped their price objective on shares of Potbelly from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th.

Potbelly Price Performance

NASDAQ:PBPB traded up $0.27 during trading hours on Friday, hitting $12.87. 118,693 shares of the company were exchanged, compared to its average volume of 258,562. Potbelly has a 52-week low of $7.27 and a 52-week high of $13.67. The company's 50 day moving average price is $11.96 and its 200-day moving average price is $10.84. The stock has a market capitalization of $389.42 million, a price-to-earnings ratio of 36.66 and a beta of 1.55.

Potbelly (NASDAQ:PBPB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Potbelly had a net margin of 2.30% and a return on equity of 16.31%. The firm had revenue of $123.71 million for the quarter, compared to the consensus estimate of $122.65 million.

Institutional Trading of Potbelly

Several hedge funds have recently made changes to their positions in PBPB. State of Wyoming raised its holdings in Potbelly by 14.3% in the fourth quarter. State of Wyoming now owns 7,012 shares of the company's stock valued at $66,000 after acquiring an additional 876 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Potbelly by 1.2% during the second quarter. Tectonic Advisors LLC now owns 89,004 shares of the company's stock worth $1,090,000 after acquiring an additional 1,039 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Potbelly by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 66,000 shares of the company's stock worth $628,000 after acquiring an additional 1,662 shares during the last quarter. Rhumbline Advisers grew its position in shares of Potbelly by 5.7% during the first quarter. Rhumbline Advisers now owns 38,872 shares of the company's stock worth $370,000 after acquiring an additional 2,108 shares during the last quarter. Finally, Boston Partners grew its position in Potbelly by 4.1% in the 1st quarter. Boston Partners now owns 54,966 shares of the company's stock valued at $523,000 after buying an additional 2,153 shares during the last quarter. Institutional investors and hedge funds 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.