Potbelly Corporation ( PBPB ) was a big mover last session with shares rising nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost over 23% in the past one-month time frame.
This specialty chain of sandwich eateries has seen 2 negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's rally can last.
Potbelly currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the restaurant industry may consider better-ranked stocks like Red Robin Gourmet Burgers Inc. ( RRGB ), Brinker International, Inc. ( EAT ) and BJ's Restaurants, Inc. ( BJRI ). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportPOTBELLY CORP (PBPB): Free Stock Analysis ReportRED ROBIN GOURM (RRGB): Free Stock Analysis ReportBRINKER INTL (EAT): Free Stock Analysis ReportBJ'S RESTAURANT (BJRI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research