David Nierenberg of Nierenberg Investment Management believes that the stock price of Potbelly Corporation (PBPB) could multiply by 7 to 9 times by 2032

David Nierenberg of Nierenberg Investment Management shared his insights about the company’s valuation in two SC13D filings.

1. Extracted from SC 13D filed in August 2023

Source: sec.gov/Archives/edgar/data/1195734/000101359423000638/potbelly13da1-08082023.htm

The Reporting Persons now model that the Issuer’s share price could multiply 7-9 times, to $69-86…