Potbelly (PBPB) Stock Upgraded - 2014 Price Target $35

The Potbelly (PBPB) IPO two weeks ago was red hot, hitting $33.57, dropping back to $30, and then running back up to $33.90 during a horrible period in the time, the Gov't shut down crisis. Since then, PBPB stock dropped all the way down to $23.76 on some negative press.

In the last 4 trading sessions, Potbelly stock has rebounded $3 and is trading $1 shy of it's 10 day moving average. So now what? Will Potbelly (PBPB) continue the break out and close above the 10 day moving average or will the stock take a new leg lower and bottom somewhere between $21-$23?

While everyone seems to be hating on Potbelly (PBPB) in the mid $20's, I love it down here. The brand is solid, the sandwiches are amazing, and they are growing fast. Margins are juicy with most stores squeezing out 20-21% profit margins. Potbelly currently has 16 new restaurant locations in the pipeline. I think they are going to grow a lot faster than Wall St thinks. It will be interesting to see the headlines one year from now because if what I'm thinking comes true, we will be looking at a $35-$40 stock.

Potbelly (PBPB) is no Noodles & Company (NDLS) or Chipotle Mexican Grill (CMG) but don't count this underdog out. If they start beating earnings, revenue, and raising guidance, this stock will rip and rip hard!
My take: Potbelly (PBPB) is a buy below $25, a strong buy below $23. My PBPB 2014 Price Target is $35-$40 per share.

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Potbelly (PBPB) IPO Prices at $14 - Stock Opens Today 10/4/13

The Potbelly (PBPB) stock IPO priced 7.5 million shares at $14 and is set to open for trading today, October 4, 2013.  Expect high volume and PBPB stock to be very volatile.  Potbelly (PBPB) operates a sandwich chain and is growing rapidly.  The company has around 290 locations and expects to continue to see growth in key markets.

Back in June, restaurant company Noodles & Company (NDLS) IPO'd and the stock jumped 100% to $36.  A week later, NDLS hit $52.  I still hold the shares I bought on IPO day at $32.80.

Check out more IPO's - http://blackberrystocks.com/ipos2013.html

What time will Potbelly (PBPB) stock open for trading?  Potbelly (PBPB) will begin trading on the NASDAQ Friday (today) between 10:30am - 11:30am EST.  We hope to trade it in the stock picks group!

 Tim

http://www.stockstobuy.org/group/stock-picks

Potbelly (PBPB) Stock IPO Will Open 10/4/13

The Potbelly (PBPB) stock IPO will open for trading on Friday October 4, 2013.  Expect high volume and PBPB stock to be very volatile.  Potbelly (PBPB) operates a sandwich chain and is growing rapidly.  The company has around 290 locations and expects to continue to see growth in key markets.

Back in June, restaurant company Noodles & Company (NDLS) IPO'd and the stock jumped 100% to $36.  A week later, NDLS hit $52.  I still hold the shares I bought on IPO day at $32.80.

Check out more IPO's - http://blackberrystocks.com/ipos2013.html

What time will Potbelly (PBPB) stock open for trading?  Potbelly (PBPB) will price Thursday night and begin trading on the NASDAQ Friday between 10:30am - 11:30am EST.

 Tim

http://www.stockstobuy.org/group/stock-picks

Potbelly (PBPB) IPO to Open in October 2013

The Potbelly (PBPB) IPO is expected to open next week on the NASDAQ. Look for PBPB stock on Thursday or Friday. The company is looking to raise $75 million by pricing 7.5 million shares at $10 each. This seems low to me so if PBPB comes under the radar it has the potential to be a great buy.  We will be watching PBPB for a potential trade in the stock picks group for sure!

http://www.stockstobuy.org/forum/topics/pbpb-ipo-potbelly-pbpb-stock-ipo-fast-casual-sandwich-shop-ipo 

Tim

http://www.stockstobuy.org/group/stock-picks