Price Action Don’t Lie: Will Potbelly Corp Go Down Anytime Soon?

Price Action Don't Lie: Will Potbelly Corp Go Down Anytime Soon?

The stock of Potbelly Corp (NASDAQ:PBPB) is a huge mover today! About 79,620 shares traded hands. Potbelly Corp (NASDAQ:PBPB) has declined 11.66% since April 5, 2016 and is downtrending. It has underperformed by 13.61% the S&P500.
The move comes after 9 months positive chart setup for the $302.84M company. It was reported on Nov, 7 by Barchart.com. We have $33.62 PT which if reached, will make NASDAQ:PBPB worth $514.83M more.

Potbelly Corp (NASDAQ:PBPB) Ratings Coverage

Out of 2 analysts covering Potbelly Corp (NASDAQ:PBPB), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Potbelly Corp has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, August 7 by Zacks. Sidoti initiated the shares of PBPB in a report on Monday, November 16 with “Buy” rating. The rating was initiated by Maxim Group with “Hold” on Friday, September 30. On Monday, November 7 the stock rating was upgraded by Maxim Group to “Buy”.

According to Zacks Investment Research, “Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois.”

Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 0.54, from 1.89 in 2016Q1. The ratio dived, as 16 funds sold all Potbelly Corp shares owned while 32 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 17.98 million shares or 2.32% more from 17.57 million shares in 2016Q1.
Rhumbline Advisers last reported 0% of its portfolio in the stock. Ladenburg Thalmann Financial Services holds 0% or 2,290 shares in its portfolio. Vanguard Gru Incorporated holds 0% or 1.72M shares in its portfolio. Geode Management Limited Liability holds 172,383 shares or 0% of its portfolio. Moreover, Stevens Cap Mgmt Lp has 0.01% invested in Potbelly Corp (NASDAQ:PBPB) for 11,611 shares. Dimensional Fund Advsrs Lp last reported 0% of its portfolio in the stock. Clearbridge Ltd Limited Liability Company has 0.15% invested in the company for 599,894 shares. The Illinois-based Thomas White Intl has invested 0% in Potbelly Corp (NASDAQ:PBPB). Comerica Savings Bank has invested 0.03% of its portfolio in Potbelly Corp (NASDAQ:PBPB). California Public Employees Retirement Sys has 0% invested in the company for 25,100 shares. Teachers Advsr Inc holds 0% of its portfolio in Potbelly Corp (NASDAQ:PBPB) for 37,535 shares. Glenmede Na holds 0% of its portfolio in Potbelly Corp (NASDAQ:PBPB) for 133 shares. Moreover, Kerrisdale Advisers Limited Liability Company has 0.19% invested in Potbelly Corp (NASDAQ:PBPB) for 96,081 shares. The Tennessee-based Ftb Advsr Inc has invested 0% in Potbelly Corp (NASDAQ:PBPB). Moreover, North Star Investment Mngmt has 0% invested in Potbelly Corp (NASDAQ:PBPB) for 1,100 shares.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 3 insider sales for $879,323 net activity. REVORD MATTHEW J had sold 30,000 shares worth $373,923.

More important recent Potbelly Corp (NASDAQ:PBPB) news were published by: Marketwatch.com which released: “Potbelly stock price target cut to $13 from $16 at RW Baird” on October 04, 2013, also Quotes.Wsj.com published article titled: “Potbelly Corp. PBPB (US: Nasdaq)”, Reuters.com published: “BRIEF-Potbelly Corp posts Q3 adjusted earnings per share $0.12” on November 01, 2016. More interesting news about Potbelly Corp (NASDAQ:PBPB) was released by: Fool.com and their article: “What’s Behind Potbelly Corp.’s 11.3% November Stock Gain?” with publication date: December 17, 2015.

PBPB Company Profile

Potbelly Corporation, incorporated on June 5, 2001, is a neighborhood sandwich concept offering sandwiches, salads and other menu items. The Firm owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Firm also has domestic and international franchise activities of Potbelly Sandwich Works sandwich shops. The Firm has a domestic base of approximately 396 shops in 28 states of the United States and the District of Columbia, consisting of 372 Company-operated shops and 24 franchisee-operated shops. In addition, the Company has approximately 12 international franchised shops, including 11 shops in the Middle East and one shop in the United Kingdom.

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