Panera Bread PT Lowered to $155.00 (PNRA)
Stock analysts at Jefferies Group cut their target price on shares of Panera Bread (NASDAQ:PNRA) from $195.00 to $155.00 in a report issued on Thursday, American Banking News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential upside of 0.69% from the company’s current price.
Shares of Panera Bread (NASDAQ:PNRA) traded up 0.52% on Thursday, hitting $153.94. 1,056,979 shares of the company’s stock traded hands. Panera Bread has a 52 week low of $152.64 and a 52 week 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 $4.478 billion and a P/E ratio of 24.05.
Panera Bread (NASDAQ:PNRA) last released its earnings data on Wednesday, October 23rd. The company reported $1.35 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Panera Bread from $200.00 to $185.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two 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 company. Panera Bread has an average rating of “Hold” and a consensus target price of $179.44.
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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