William Blair Issues Negative Estimate for Potbelly Earnings

Potbelly Corporation (NASDAQ:PBPB) – Investment analysts at William Blair cut their Q3 2025 EPS estimates for Potbelly in a report issued on Thursday, August 7th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.09. The consensus estimate for Potbelly’s current full-year earnings is $0.24 per share. William Blair also issued estimates for Potbelly’s Q4 2025 earnings at $0.08 EPS and FY2026 earnings at $0.30 EPS.

Potbelly (NASDAQ:PBPB) last issued its earnings results on Wednesday, August 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $123.71 million for the quarter, compared to analyst estimates of $122.65 million. Potbelly had a net margin of 2.30% and a return on equity of 16.31%.

A number of other equities analysts have also commented on PBPB. Benchmark raised their target price on shares of Potbelly from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen lowered shares of Potbelly from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

Potbelly Stock Performance

Shares of NASDAQ:PBPB opened at $12.55 on Friday. The firm has a market cap of $379.76 million, a PE ratio of 35.86 and a beta of 1.55. The firm’s 50 day simple moving average is $11.92 and its 200-day simple moving average is $10.85. Potbelly has a one year low of $6.76 and a one year high of $13.67.

Hedge Funds Weigh In On Potbelly

Several institutional investors have recently bought and sold shares of PBPB. Next Century Growth Investors LLC increased its holdings in Potbelly by 298.3% during the first quarter. Next Century Growth Investors LLC now owns 618,591 shares of the company’s stock valued at $5,883,000 after buying an additional 463,275 shares during the period. Nuveen LLC purchased a new position in Potbelly in the first quarter worth $2,882,000. CenterBook Partners LP purchased a new position in Potbelly in the first quarter worth $2,873,000. American Century Companies Inc. grew its holdings in Potbelly by 162.6% in the first quarter. American Century Companies Inc. now owns 386,430 shares of the company’s stock worth $3,675,000 after purchasing an additional 239,283 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in Potbelly in the first quarter worth $2,110,000. 72.60% of the stock is owned by hedge funds and other institutional investors.

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.