William Blair Issues Positive Outlook 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) - Investment analysts at William Blair upped their FY2025 EPS estimates for Potbelly in a research note issued on Thursday, August 7th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.23. The consensus estimate for Potbelly's current full-year earnings is $0.24 per share.

Potbelly (NASDAQ:PBPB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.09 earnings per share 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 business had revenue of $123.71 million during the quarter, compared to the consensus estimate of $122.65 million.

Several other equities research analysts also recently weighed in on PBPB. Benchmark lifted 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. Wall Street Zen cut shares of Potbelly from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

Potbelly Trading Down 3.6%

PBPB opened at $12.55 on Monday. Potbelly has a 1-year low of $6.76 and a 1-year high of $13.67. The company has a market cap of $379.76 million, a P/E ratio of 35.86 and a beta of 1.55. The company has a fifty day moving average price of $11.92 and a two-hundred day moving average price of $10.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC purchased a new stake in shares of Potbelly during the 4th quarter valued at approximately $27,000. New York State Teachers Retirement System purchased a new stake in shares of Potbelly during the 2nd quarter valued at $31,000. AlphaQuest LLC purchased a new stake in shares of Potbelly during the 1st quarter valued at $57,000. State of Wyoming raised its position in shares of Potbelly by 14.3% during the 4th quarter. State of Wyoming now owns 7,012 shares of the company's stock valued at $66,000 after buying an additional 876 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Potbelly during the 4th quarter valued at $98,000. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

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.

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