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Weakness Seen in Potbelly (PBPB): Stock Tumbles 8.7%
February 20, 2014

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Potbelly Corporation (PBPB - Free Report) saw a big move in the last trading session, as the company’s shares fell nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $21.19 to $23.56 in the past one-month time frame.

Potbelly, a sandwich company, has seen 3 negative estimate revisions over the past month, and its current year earnings consensus has also moved lower over the same period. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent decline will continue, as the earnings picture definitely suggests that this might be the case.

PBPB currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Investors interested in the Restaurant industry may consider better-ranked stocks like Famous Dave's of America Inc. (DAVE - Free Report) , Fiesta Restaurant Group, Inc. (FRGI - Free Report) and Brinker International, Inc. (EAT - Free Report) . While Famous Dave’s and Fiesta carry a Zacks Rank #1 (Strong Buy), Brinker carries a Zacks Rank #2 (Buy).

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