William Blair Issues Positive Estimate for Potbelly Earnings

Key Points

• William Blair has raised its FY2025 earnings per share estimate for Potbelly to $0.26, up from $0.23, indicating a positive outlook for the company.
• Potbelly reported earnings of $0.09 per share for the last quarter, exceeding analysts' expectations of $0.08, with revenues reaching $123.71 million.
• Benchmark raised Potbelly's price target to $18.00, maintaining a "buy" rating, while Wall Street Zen has downgraded the stock to a "hold" rating.

Potbelly Corporation (NASDAQ:PBPB - Free Report) - William Blair lifted their FY2025 earnings estimates for Potbelly in a report issued on Thursday, August 7th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.26 per share for the year, up from their previous estimate of $0.23. The consensus estimate for Potbelly's current full-year earnings is $0.24 per share.

Several other equities analysts have also commented on the stock. Wall Street Zen lowered shares of Potbelly from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Benchmark increased their price target on shares of Potbelly from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 7th.

Potbelly Trading Down 3.6%

NASDAQ:PBPB traded down $0.47 during mid-day trading on Monday, hitting $12.29. The stock had a trading volume of 57,091 shares, compared to its average volume of 257,793. The stock has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $10.87. The company has a market capitalization of $371.74 million, a PE ratio of 35.12 and a beta of 1.55. Potbelly has a twelve month low of $7.27 and a twelve month high of $13.67.

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

Institutional Investors Weigh In On Potbelly

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC acquired a new position in shares of Potbelly during the 4th quarter worth $27,000. New York State Teachers Retirement System acquired a new position in shares of Potbelly during the 2nd quarter worth $31,000. AlphaQuest LLC acquired a new position in shares of Potbelly during the 1st quarter worth $57,000. State of Wyoming raised its stake in shares of Potbelly by 14.3% during the 4th quarter. State of Wyoming now owns 7,012 shares of the company's stock worth $66,000 after buying an additional 876 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Potbelly during the 4th quarter worth $98,000. Institutional investors and hedge funds own 72.60% 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.