Panera Bread Price Target Cut to $150.00 (PNRA)
Analysts at Barclays dropped their target price on shares of Panera Bread (NASDAQ:PNRA) from $175.00 to $150.00 in a research report issued to clients and investors on Wednesday, Analyst RN reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential downside of 7.66% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp downgraded shares of Panera Bread from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $190.00 price target on the stock. Separately, analysts at Susquehanna cut their price target on shares of Panera Bread from $180.00 to $168.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “hold” rating on shares of Panera Bread in a research note to investors on Monday. They now have a $190.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $190.29.
Shares of Panera Bread (NASDAQ:PNRA) traded down 4.98% on Wednesday, hitting $154.344. 2,535,517 shares of the company’s stock traded hands. Panera Bread has a one year low of $152.64 and a one year high of $194.77. The stock has a 50-day moving average of $169.3 and a 200-day moving average of $176.8. The company has a market cap of $4.490 billion and a price-to-earnings ratio of 25.50.
Panera Bread (NASDAQ:PNRA) last released its earnings data on Wednesday, October 23rd. The company reported $1.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.35. The company had revenue of $572.48 million for the quarter, compared to the consensus estimate of $585.52 million. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Panera Bread will post $6.81 earnings per share for the current fiscal year.
Panera Bread Company (NASDAQ:PNRA) s a national bakery-cafe concept with 1,541 Company-owned and franchise-operated bakery-cafe locations in42 states, the District of Columbia, and Ontario, Canada.
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