William Blair Weighs in on Potbelly Co.’s Q2 2024 Earnings (NASDAQ:PBPB)

Potbelly Co. (NASDAQ:PBPBFree Report) – Stock analysts at William Blair increased their Q2 2024 earnings per share estimates for shares of Potbelly in a report issued on Monday, February 12th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.06. The consensus estimate for Potbelly’s current full-year earnings is $0.15 per share. William Blair also issued estimates for Potbelly’s Q3 2024 earnings at $0.09 EPS and FY2025 earnings at $0.36 EPS.

A number of other equities research analysts have also weighed in on the company. Lake Street Capital initiated coverage on Potbelly in a research report on Tuesday, October 24th. They set a “buy” rating and a $11.00 target price for the company. Craig Hallum initiated coverage on Potbelly in a research report on Tuesday, October 17th. They set a “buy” rating and a $15.00 target price for the company. Benchmark raised Potbelly from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 12th. StockNews.com raised Potbelly from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, TheStreet raised Potbelly from a “c” rating to a “b-” rating in a research report on Tuesday, November 21st. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Potbelly currently has a consensus rating of “Buy” and a consensus target price of $13.67.

Read Our Latest Analysis on Potbelly

Potbelly Trading Up 2.1 %

Shares of NASDAQ PBPB opened at $12.67 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 2.17. The business has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $9.53. The firm has a market cap of $371.99 million, a PE ratio of 79.19 and a beta of 1.33. Potbelly has a twelve month low of $7.09 and a twelve month high of $13.33.

Institutional Trading of Potbelly

Several large investors have recently added to or reduced their stakes in PBPB. Sei Investments Co. grew its stake in Potbelly by 21.1% during the 1st quarter. Sei Investments Co. now owns 18,400 shares of the company’s stock valued at $123,000 after purchasing an additional 3,200 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Potbelly by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 999,846 shares of the company’s stock valued at $6,699,000 after buying an additional 42,458 shares during the period. State Street Corp lifted its holdings in shares of Potbelly by 5.0% in the 1st quarter. State Street Corp now owns 102,728 shares of the company’s stock valued at $688,000 after buying an additional 4,852 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Potbelly by 51.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 27,267 shares of the company’s stock valued at $124,000 after buying an additional 9,205 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Potbelly in the 3rd quarter valued at about $71,000. Hedge funds and other institutional investors own 63.31% of the company’s stock.

About Potbelly

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Potbelly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potbelly and related companies with MarketBeat.com's FREE daily email newsletter.