Potbelly Stock Down 20% in a Month: Should You Buy the Dip?

Potbelly Corporation (PBPB) stock has witnessed a sharp decline of 20.3% in the past month compared with the industry and the S&P 500’s decrease of 3.7% and 3.2%, respectively.The recent decline can be primarily attributed to macroeconomic challenges, stiff competition and high operating costs. A softer macroeconomic environment, including cautious consumer spending and inflationary pressures, continues to hurt discretionary dining.The company also faces heightened competition in the fast-casual segment, es ...