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What Made Maxim Group Upgrade Potbelly Corp’s Stock?


Maxim Group analyst Stephen Anderson upgraded Potbelly Corp (NASDAQ: PBPB) to Buy today and set a price target of $15. The company’s shares closed yesterday at $12.08.

Anderson wrote:

“We upgrade shares of Potbelly Corporation (PBPB) to Buy, from Hold, and raise our price target to $15, from $13, as we believe a potential top-line catalyst will be accelerated following our recent channel checks.”

According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.5% and a 74.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

Potbelly Corp has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.

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The company has a one-year high of $14.15 and a one-year low of $11.05. Currently, Potbelly Corp has an average volume of 160.9K.

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Potbelly Corp. engages in owning and operating sandwich restaurants. It offers toasty warm sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.