Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Potbelly Corp before investing.

In this article, we go over a few key elements for understanding Potbelly Corp’s stock price such as:

• Potbelly Corp’s current stock price and volume
• Why Potbelly Corp’s stock price changed recently
• Upgrades and downgrades for PBPB from analysts
• PBPB’s stock price momentum as measured by its relative strength

About Potbelly Corp (PBPB)

Before we jump into Potbelly Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Potbelly Corporation (Potbelly) is a sandwich concept that offers its customers with customized menu items. The Company owns and operates Potbelly Sandwich Shop concepts in the United States. The Company also has domestic franchise operations of Potbelly Sandwich Shop concepts. The Company through its subsidiaries, owns and operates approximately 425 Company-owned shops in Arkansas, Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Mississippi, Nebraska, North Carolina, North Dakota, South Dakota, Tennessee, Texas, Virginia, and Nevada. Additionally, Potbelly franchisees operate approximately 75 shops in the United States. The Company's menu includes toasty hot sandwiches, signature salads, soups, chili, sides, desserts and, in its breakfast locations, and breakfast sandwiches. Potbelly’s wholly owned subsidiaries include Potbelly Illinois, Inc. (PII), Potbelly Franchising, LLC. and Potbelly Sandwich Works LLC (LLC).

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Potbelly Corp’s Stock Price as of Market Close

As of March 11, 2024, 4:00 PM, CST, Potbelly Corp’s stock price was $11.76.

Potbelly Corp is down 8.48% from its previous closing price of $12.85.

During the last market session, Potbelly Corp’s stock traded between $12.17 and $13.46. Currently, there are 29.32 million shares of Potbelly Corp stock available for purchase.

Potbelly Corp’s price-earnings (P/E) ratio is currently at 76.6, which is high compared to the Restaurants & Bars industry median of 20.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Potbelly Corp Stock Price History

Potbelly Corp’s (PBPB) price is currently down 15.27% so far this month.

During the month of March, Potbelly Corp’s stock price has reached a high of $14.36 and a low of $11.61.

Over the last year, Potbelly Corp has hit prices as high as $14.36 and as low as $7.12. Year to date, Potbelly Corp’s stock is up 111.13%.

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What Caused Potbelly Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 08, 2024, there was 1 analyst who downgraded Potbelly Corp’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Potbelly Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Potbelly Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Potbelly Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Potbelly Corp (PBPB) by visiting AAII Stock Evaluator.

Relative Price Strength of Potbelly Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 08, 2024, Potbelly Corp has a weighted four-quarter relative price strength of 7.84%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

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Potbelly Corp Stock Price: Bottom Line

As of March 11, 2024, Potbelly Corp’s stock price is $11.76, which is down 8.48% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Potbelly Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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