Panera Bread Price Target Cut to $185.00 by Analysts at BMO Capital Markets (PNRA)
Analysts at BMO Capital Markets reduced their price target on shares of Panera Bread (NASDAQ:PNRA) from $200.00 to $185.00 in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 20.18% from the stock’s previous close.
PNRA has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Panera Bread in a research note to investors on Thursday. They now have a $161.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Panera Bread from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $145.00 price target on the stock, down previously from $185.00. Finally, analysts at Piper Jaffray Cos. cut their price target on shares of Panera Bread from $137.00 to $124.00 in a research note to investors on Wednesday. They now have an “underweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $179.44.
Panera Bread (NASDAQ:PNRA) traded up 0.52% during mid-day trading on Thursday, hitting $153.94. The stock had a trading volume of 1,056,979 shares. Panera Bread has a 1-year low of $152.64 and a 1-year high of $194.77. The stock’s 50-day moving average is $169.3 and its 200-day moving average is $176.8. The company has a market cap of $4.478 billion and a price-to-earnings ratio of 24.05.
Panera Bread (NASDAQ:PNRA) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.35 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.24 earnings per share. Panera Bread’s revenue was up 8.2% compared to the same quarter last 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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