William Blair Weighs in on Potbelly Co.’s Q2 2023 Earnings (NASDAQ:PBPB)

Posted by on Apr 13th, 2023

Potbelly Co. (NASDAQ:PBPB – Get Rating) – Stock analysts at William Blair lowered their Q2 2023 EPS estimates for shares of Potbelly in a report issued on Monday, April 10th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.07. The consensus estimate for Potbelly’s current full-year earnings is $0.24 per share.

Separately, StockNews.com assumed coverage on shares of Potbelly in a research note on Thursday, March 16th. They set a “strong-buy” rating for the company.

Potbelly Stock Performance

NASDAQ PBPB opened at $9.25 on Wednesday. The firm has a 50-day moving average of $7.85 and a 200-day moving average of $6.42. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.38 and a current ratio of 0.44. The stock has a market cap of $272.14 million, a PE ratio of 66.07 and a beta of 1.35. Potbelly has a 52-week low of $4.31 and a 52-week high of $9.64.

Institutional Trading of Potbelly

Several hedge funds and other institutional investors have recently bought and sold shares of PBPB. Sei Investments Co. raised its stake in Potbelly by 21.1% in the 1st quarter. Sei Investments Co. now owns 18,400 shares of the company’s stock worth $123,000 after purchasing an additional 3,200 shares in the last quarter. Vanguard Group Inc. raised its stake in Potbelly by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 999,846 shares of the company’s stock worth $6,699,000 after purchasing an additional 42,458 shares in the last quarter. State Street Corp raised its stake in Potbelly by 5.0% in the 1st quarter. State Street Corp now owns 102,728 shares of the company’s stock worth $688,000 after purchasing an additional 4,852 shares in the last quarter. Victory Capital Management Inc. raised its stake in 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 purchasing an additional 6,500 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Potbelly by 51.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 27,267 shares of the company’s stock worth $124,000 after purchasing an additional 9,205 shares in the last quarter. Institutional investors and hedge funds own 51.07% of the company’s stock.

About Potbelly

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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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