Potbelly Co. (NASDAQ:PBPB – Get Rating) – Analysts at William Blair upped their Q4 2022 earnings estimates for shares of Potbelly in a research note issued to investors on Monday, January 9th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.13 per share for the quarter, up from their prior estimate of $0.08. The consensus estimate for Potbelly's current full-year earnings is ($0.01) per share. William Blair also issued estimates for Potbelly's Q1 2023 earnings at $0.01 EPS, Q2 2023 earnings at $0.10 EPS and Q3 2023 earnings at $0.04 EPS.

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

Potbelly Trading Up 7.3 %

Potbelly stock opened at $6.60 on Wednesday. The firm has a 50-day moving average of $5.54 and a 200-day moving average of $5.35. Potbelly has a one year low of $4.31 and a one year high of $7.14. 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 company has a market cap of $190.16 million, a price-to-earnings ratio of -165.00 and a beta of 1.16.

Insider Activity at Potbelly

In other news, CEO Robert D. Wright bought 9,325 shares of the business's stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average cost of $5.36 per share, for a total transaction of $49,982.00. Following the purchase, the chief executive officer now owns 605,611 shares of the company's stock, valued at approximately $3,246,074.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Potbelly

Several hedge funds have recently bought and sold shares of PBPB. Citadel Advisors LLC acquired a new stake in Potbelly in the 3rd quarter valued at about $71,000. Sei Investments Co. raised its holdings in Potbelly by 21.1% in the 1st quarter. Sei Investments Co. now owns 18,400 shares of the company's stock valued at $123,000 after acquiring an additional 3,200 shares during the period. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 9,205 shares during the period. Boothbay Fund Management LLC bought a new position in Potbelly in the 3rd quarter valued at about $564,000. Finally, Victory Capital Management Inc. raised its holdings in Potbelly by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 135,500 shares of the company's stock valued at $614,000 after acquiring an additional 6,500 shares during the period. 51.07% of the stock is currently owned by institutional investors and hedge funds.

Potbelly Company Profile

(Get Rating)

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 5, 2022, it had 400 company-owned shops and 40 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002.

Featured Stories

• Get a free copy of the StockNews.com research report on Potbelly (PBPB)
• Why Hershey Is a Sweet Recession Stock
• Will Amazon Stock Be Delivering for Investors in 2023?
• The Analysts Shift Trucking Sentiment Back into Forward
• The Institutions Book A Flight With Boeing
• 2 Biotechs Making Waves With A Single Product in their Pipeline

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.