Q2 2024 EPS Estimates for Potbelly Co. Decreased by Analyst (NASDAQ:PBPB)

Potbelly Co. (NASDAQ:PBPB) – William Blair cut their Q2 2024 earnings per share estimates for Potbelly in a report issued on Wednesday, April 24th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.06. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Potbelly’s current full-year earnings is $0.19 per share. William Blair also issued estimates for Potbelly’s FY2024 earnings at $0.18 EPS and FY2025 earnings at $0.24 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Potbelly from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Benchmark upgraded Potbelly from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Potbelly presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Potbelly Trading Up 1.1 %

Shares of PBPB opened at $10.76 on Friday. Potbelly has a twelve month low of $7.12 and a twelve month high of $14.36. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $319.36 million, a P/E ratio of 67.25 and a beta of 1.32. The firm’s 50-day moving average is $11.95 and its two-hundred day moving average is $10.89.

Potbelly (NASDAQ:PBPB) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $125.75 million for the quarter, compared to analysts’ expectations of $125.80 million. Potbelly had a net margin of 1.04% and a return on equity of 50.06%.

Institutional Investors Weigh In On Potbelly

A number of large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its stake in shares of Potbelly by 30.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 737,980 shares of the company’s stock worth $5,756,000 after purchasing an additional 173,227 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Potbelly by 464.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,229 shares of the company’s stock worth $65,000 after acquiring an additional 5,126 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Potbelly during the third quarter worth approximately $375,000. Los Angeles Capital Management LLC purchased a new position in Potbelly during the third quarter worth approximately $854,000. Finally, Ancora Advisors LLC acquired a new position in shares of Potbelly in the 3rd quarter valued at $775,000. 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.