Potbelly
PBPB
About: Potbelly Corp owns and franchises hundreds of limited-service restaurants specializing in sandwiches and salads, shakes. The menu includes toasty sandwiches, signature salads, soups, chili, sides, desserts, and, in breakfast locations it serves breakfast sandwiches and steel-cut oatmeal. majority of its locations are company-owned and located in the United States, with Illinois and Texas housing far more locations than any other state. The company has franchise partners in a number of countries. Excluding the United States, its franchises are in the Middle East.
Employees: 5,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
2,903% more call options, than puts
Call options by funds: $2.16M | Put options by funds: $72K
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
31% more capital invested
Capital invested by funds: $218M [Q1] → $286M (+$68M) [Q2]
8% more funds holding
Funds holding: 114 [Q1] → 123 (+9) [Q2]
3.09% more ownership
Funds ownership: 74.4% [Q1] → 77.5% (+3.09%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 44
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Benchmark
Todd M. Brooks
|
$18
|
Hold
Downgraded
|
12 Sep 2025 |
Lake Street
Mark Smith
|
$17.12
|
Hold
Downgraded
|
11 Sep 2025 |
Benchmark
Todd Brooks
|
$17
|
Buy
Maintained
|
18 Jun 2025 |
Financial journalist opinion
Based on 11 articles about PBPB published over the past 30 days