Potbelly Corp (PBPB) stock forecast: Can it reach its 52-week high of $14.36

Potbelly Corp [PBPB] stock is trading at $8.80, up 0.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PBPB shares have gain 2.92% over the last week, with a monthly amount drifted -13.64%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Potbelly Corp [NASDAQ: PBPB] stock has seen the most recent analyst activity on January 12, 2024, when The Benchmark Company upgraded its rating to a Buy but kept the price target unchanged to $15 for it. Previously, Lake Street started tracking the stock with Buy rating on October 24, 2023, and set its price target to $11. On October 17, 2023, Craig Hallum initiated with a Buy rating and assigned a price target of $15 on the stock. The Benchmark Company started tracking the stock assigning a Hold rating. Piper Jaffray downgraded its rating to a Neutral. Maxim Group reiterated a Hold rating for this stock on November 05, 2019, and upped its price target to $5. In a note dated July 31, 2019, Maxim Group reiterated an Hold rating on this stock and revised its target price from $8 to $4.

Potbelly Corp [PBPB] stock has fluctuated between $7.12 and $14.36 over the past year. Potbelly Corp [NASDAQ: PBPB] shares were valued at $8.80 at the most recent close of the market.

Analyzing the PBPB fundamentals

Potbelly Corp [NASDAQ:PBPB] reported sales of 484.29M for the trailing twelve months, which represents a drop of -6.02%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.32 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.05.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.71 points at the first support level, and at 8.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.87, and for the 2nd resistance point, it is at 8.94.

Ratios To Look Out For

For context, Potbelly Corp’s Current Ratio is 0.48. Also, the Quick Ratio is 0.43, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 18.22 and price to earnings (TTM) ratio is 73.09.

Transactions by insiders

Recent insider trading involved Noyes Adam, SVP, Chief Operating Officer, that happened on May 23 ’24 when 1614.0 shares were purchased. SVP, Franchising, McKee Karen Lynette completed a deal on May 22 ’24 to buy 1000.0 shares. Meanwhile, President and CEO Wright Robert D. bought 1450.0 shares on May 15 ’24.

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