Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Potbelly Corp (NASDAQ: PBPB) weakened recently. PBPB’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Potbelly Corp (NASDAQ: PBPB) stock closed at $8.71 on 5/20/24 after a slight decline of -0.2%. However, trading volume in this decline was exceptionally low at 45% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
PBPB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Potbelly has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Potbelly has a very low Appreciation Score of 8 but a good Power Rating of 78, leading to the Negative Value Trend Rating.
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