Panera Bread Receives New Coverage from Analysts at UBS AG (PNRA)
Research analysts at UBS AG assumed coverage on shares of Panera Bread (NASDAQ:PNRA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Panera Bread (NASDAQ:PNRA) traded up 4.37% on Wednesday, hitting $181.735. The stock had a trading volume of 1,102,327 shares. Panera Bread has a 1-year low of $150.33 and a 1-year high of $194.77. The stock’s 50-day moving average is $175.0 and its 200-day moving average is $171.. The company has a market cap of $5.224 billion and a price-to-earnings ratio of 26.34.
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. On average, analysts predict that Panera Bread will post $6.68 earnings per share for the current fiscal year.
PNRA has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. upgraded shares of Panera Bread from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Panera Bread in a research note to investors on Monday, December 9th. They now have a $186.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Panera Bread from $195.00 to $155.00 in a research note to investors on Thursday, October 24th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. Panera Bread has an average rating of “Hold” and an average target price of $180.83.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.