When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Shares of Potbelly (PBPB) have been trading between $4.50-5.00 in June after the company posted horrible Q1 results in early May. Additionally, 3G, famous for its investments in the likes of Restaurant Brands (QSR), KraftHeinz (KHC), and Anheuser Busch Inbev (BUD) took a ~3.6% stake in the firm.
After reviewing the quarter as well as recent M&A in the restaurant space, I believe shares look undervalued with upside to around $10 if traffic trends turnaround and the company is able to convert significant EBITDA to free