Potbelly Corporation ( PBPB ) saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PBPB, as the stock is now down 33% since Jun 19.
This slump shouldn't be too much of a surprise to investors, as this owner of eateries has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. 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 slump will continue, as the earnings picture definitely suggests that this might be the case.
PBPB currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked stocks in the same sector include Red Robin Gourmet Burgers Inc.
), BJ's Restaurants, Inc.
) and Chipotle Mexican Grill, Inc.
). While Red Robin sports a Zacks Rank #1 (Strong Buy), BJ's Restaurants and Chipotle hold a Zacks Rank #2 (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 ReportBJ'S RESTAURANT (BJRI): Free Stock Analysis ReportCHIPOTLE MEXICN (CMG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research