Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Chipotle Mexican Grill, Inc. (CMG) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chipotle Mexican Grill, Inc. (CMG) - free report >>
Bear of the Day: Potbelly's (PBPB)
I remember the good old days of the “Sandwich Wars.” Everywhere you looked, new, delicious sandwich shops were opening up to challenge a space formerly dominated by Subway. Fresh names like Quizno’s and Jersey Mike’s popped up, giving lunch-time folks on a time crunch plenty of choices. One of these sandwich shops is today’s Bear of the Day. Not because I think it’s in danger of going the way of Quizno’s, just because its earnings trend has taken a turn for the negative.
I’m talking about Zacks Rank #5 (Strong Sell) Potbelly’s (PBPB - Free Report) . Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of February 25, 2019, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, the Middle East, Canada, and India.
The reason for the unfavorable Zacks Rank stems from a series of earnings estimate revisions to the downside coming from analysts. Over the last thirty days, three analysts have cut their earnings estimate for the company’s current year and next year. The bearish sentiment has smashed the current year Zacks Consensus Estimate down from 29 cents to a 3-cent loss. Next year’s number has come down from 33 cents to only 15 cents.
Potbelly Corporation Price and Consensus
Potbelly Corporation price-consensus-chart | Potbelly Corporation Quote
It’s not just sandwich shops coming under pressure in this market. The Retail – Restaurants industry ranks in the Bottom 28% of our Zacks Industry Rank. There are a handful of stocks within this industry which are in good graces of the Zacks Rank. Among those are Zacks Rank #1 (Strong Buy) Noodles & Co (NDLS - Free Report) as well as Zacks Rank #2 (Buy) Chipotle Mexican Grill (CMG - Free Report) .
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>