What’s Ahead for Potbelly Corp (PBPB) After Forming Double Bottom?

September 17, 2017 - By Richard Conner

Investors sentiment increased to 1.62 in Q4 2016. Its up 0.38, from 1.24 in 2016Q3. It improved, as 9 investors sold Potbelly Corp shares while 33 reduced holdings. 18 funds opened positions while 50 raised stakes. 17.44 million shares or 0.35% less from 17.50 million shares in 2016Q3 were reported.
Invesco Limited invested in 0% or 25,396 shares. Prelude Mgmt Limited Co holds 0.06% in Potbelly Corp (NASDAQ:PBPB) or 37,173 shares. Pnc Finance Grp Incorporated has invested 0% in Potbelly Corp (NASDAQ:PBPB). Price T Rowe Md owns 10,674 shares. Blackrock Limited holds 0% in Potbelly Corp (NASDAQ:PBPB) or 7,590 shares. Morgan Stanley owns 209,930 shares or 0% of their US portfolio. Dimensional Fund L P accumulated 539,602 shares. Jacobs Levy Equity Management reported 88,260 shares. Bnp Paribas Arbitrage Sa has invested 0% in Potbelly Corp (NASDAQ:PBPB). Northwestern Mutual Wealth Mgmt Co holds 0% or 150 shares. Royal Savings Bank Of Canada reported 0% in Potbelly Corp (NASDAQ:PBPB). California State Teachers Retirement Systems has 49,065 shares for 0% of their portfolio. Hennessy Advsr Incorporated has 305,900 shares. 159,766 were accumulated by National Bank Of New York Mellon Corporation. 89,100 are owned by Cornerstone Capital Mgmt Hldg Llc.

Since May 8, 2017, it had 1 buy, and 0 insider sales for $99,216 activity. BASSI PETER A bought 8,650 shares worth $99,216.

The chart of Potbelly Corp (PBPB) shows a double bottom with $10.51 target or 9.00 % below today’s $11.55 share price. The 5 months chart pattern indicates high risk for the $290.20M company. It was reported on Sep, 17 by Finviz.com. If the $10.51 price target is reached, the company will be worth $26.12M less. Double bottoms are rare but powerful chart patterns.

The stock increased 3.13% or $0.35 on September 15, reaching $11.55. About 534,201 shares traded or 23.13% up from the average. Potbelly Corp (NASDAQ:PBPB) has declined 15.62% since September 17, 2016 and is downtrending. It has underperformed by 32.32% the S&P500.

Wall Street await Potbelly Corp (NASDAQ:PBPB) to release earnings on November, 7. Analysts forecast EPS of $0.08, down exactly $0.04 or 33.33 % from 2014’s $0.12 EPS. The expected PBPB’s profit could reach $2.01 million giving the stock 36.09 P/E in the case that $0.08 earnings per share is reported. After posting $0.11 EPS for the previous quarter, Potbelly Corp’s analysts now forecast -27.27 % negative EPS growth.

Potbelly Corp (NASDAQ:PBPB) Ratings Coverage

Among 2 analysts covering Potbelly Corp (NASDAQ:PBPB), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Potbelly Corp had 9 analyst reports since August 7, 2015 according to SRatingsIntel. Zacks downgraded Potbelly Corp (NASDAQ:PBPB) on Friday, August 7 to “Buy” rating. Maxim Group maintained it with “Buy” rating and $1300 target in Wednesday, May 31 report. Maxim Group initiated it with “Hold” rating and $14 target in Friday, September 30 report. The company was upgraded on Monday, November 7 by Maxim Group. The stock of Potbelly Corp (NASDAQ:PBPB) has “Buy” rating given on Wednesday, June 7 by Maxim Group. Maxim Group maintained it with “Hold” rating and $1300 target in Friday, August 4 report. Maxim Group maintained Potbelly Corp (NASDAQ:PBPB) rating on Tuesday, November 22. Maxim Group has “Buy” rating and $16 target. The stock has “Buy” rating by Sidoti on Monday, November 16. The firm has “Hold” rating by Maxim Group given on Friday, July 21.

More important recent Potbelly Corp (NASDAQ:PBPB) news were published by: Seekingalpha.com which released: “Potbelly Is Going To The Single Digits” on August 19, 2017, also Fool.com published article titled: “Why Potbelly Corp. Stock Dropped Today”, Reuters.com published: “Exclusive: Activist wants Potbelly to alter plan or explore sale” on June 22, 2017. More interesting news about Potbelly Corp (NASDAQ:PBPB) was released by: Seekingalpha.com and their article: “Potbelly Will Languish; Sale Is Unlikely” with publication date: August 14, 2017.

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