Last Updated: 13 Nov 2024
Executive Summary
Potbelly Co (PBPB) is a leading operator and franchisor of Potbelly sandwich shops in the United States. The company's stock has performed well in recent years, outperforming the broader market. Potbelly is currently trading at $10.65, near the middle of its 52-week range.
Company Overview
Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois. The company operates over 400 restaurants in 36 states and the District of Columbia. Potbelly's menu features a variety of sandwiches, salads, soups, and sides. The company also offers catering services.
Fundamental Analysis
Potbelly's financial performance has been mixed in recent years. The company's revenue has grown steadily, but its profitability has declined. In 2023, Potbelly reported revenue of $471.7 million, up 0.4% from the previous year. However, the company's net income fell 21.4% to $27.6 million.
Potbelly's profitability has been impacted by a number of factors, including rising costs and increased competition. The company is also facing challenges related to the COVID-19 pandemic.
Technical Analysis
Potbelly's stock price has been trending sideways in recent months. The stock is currently trading above its 50-day moving average, but below its 200-day moving average. The relative strength index (RSI) is neutral, indicating that the stock is not overbought or oversold.
Short Term Outlook
Potbelly's stock is likely to continue to trade sideways in the short term. The company's financial performance is expected to remain mixed, and the stock is facing headwinds from rising costs and increased competition.
Long Term Outlook
Potbelly's long-term outlook is more positive. The company is a leader in the fast-casual restaurant segment, and it has a strong brand and loyal customer base. Potbelly is also well-positioned to benefit from the growing demand for convenience and value.
Analyst Recommendations
Analysts are mixed on Potbelly's stock. Three analysts have a buy rating on the stock, while one analyst has a hold rating. The average analyst target price is $15.33, which represents a potential upside of 42.2% from the current price.
