Potbelly Co. (NASDAQ:PBPB – Get Rating) – Research analysts at William Blair boosted their Q4 2023 earnings per share (EPS) estimates for Potbelly in a report issued on Thursday, January 26th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.11. The consensus estimate for Potbelly's current full-year earnings is $0.04 per share.

Potbelly (NASDAQ:PBPB – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $117.65 million during the quarter, compared to analysts' expectations of $118.10 million.

Potbelly Price Performance

Shares of NASDAQ:PBPB opened at $8.19 on Monday. Potbelly has a 1-year low of $4.31 and a 1-year high of $8.19. The company has a debt-to-equity ratio of 11.11, a current ratio of 0.39 and a quick ratio of 0.33. The business has a fifty day moving average price of $6.02 and a 200-day moving average price of $5.53. The company has a market capitalization of $235.97 million, a PE ratio of -204.75 and a beta of 1.16.

Insider Buying and Selling

In other Potbelly news, CEO Robert D. Wright acquired 9,325 shares of Potbelly stock in a transaction that occurred on Wednesday, November 9th. The stock was bought at an average cost of $5.36 per share, for a total transaction of $49,982.00. Following the acquisition, the chief executive officer now owns 605,611 shares of the company's stock, valued at $3,246,074.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Potbelly

Large investors have recently made changes to their positions in the company. Nierenberg Investment Management Company Inc. lifted its holdings in Potbelly by 6.6% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,689,860 shares of the company's stock worth $12,185,000 after purchasing an additional 166,589 shares in the last quarter. Vanguard Group Inc. grew its position in 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 acquiring an additional 42,458 shares during the last quarter. Heartland Advisors Inc. grew its position in Potbelly by 9.3% in the 3rd quarter. Heartland Advisors Inc. now owns 600,000 shares of the company's stock valued at $2,718,000 after acquiring an additional 51,237 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Potbelly by 4.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 197,617 shares of the company's stock worth $1,115,000 after buying an additional 9,041 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Potbelly by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 135,500 shares of the company's stock worth $614,000 after buying an additional 6,500 shares during the period. 51.07% of the stock is currently owned by institutional investors.

About Potbelly

(Get Rating)

Potbelly Corp. engages in the owning and operating of sandwich restaurants. It offers toasty sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.

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