Lake Street analyst Mark Smith reiterated a Buy rating on Potbelly (PBPB – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $9.95.
Smith covers the Consumer Cyclical sector, focusing on stocks such as Vista Outdoor, Clarus, and The ONE Group Hospitality. According to TipRanks, Smith has an average return of 16.6% and a 46.15% success rate on recommended stocks.
Currently, the analyst consensus on Potbelly is a Strong Buy with an average price target of $17.00.
The company has a one-year high of $14.36 and a one-year low of $7.12. Currently, Potbelly has an average volume of 273.7K.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PBPB in relation to earlier this year.
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Potbelly (PBPB) Company Description:
Potbelly Corp. engages in the owning and operating of sandwich restaurants. It offers toasty sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.
