Panera Bread Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:PNRA)
Panera Bread (NASDAQ:PNRA) has received an average recommendation of “Hold” from the twenty-five brokerages that are covering the stock, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $180.88.
Panera Bread (NASDAQ:PNRA) traded up 0.83% during mid-day trading on Wednesday, hitting $175.34. 48,820 shares of the company’s stock traded hands. Panera Bread has a 52 week low of $150.33 and a 52 week high of $194.77. The stock’s 50-day moving average is $172.5 and its 200-day moving average is $169.0. The company has a market cap of $5.040 billion and a P/E ratio of 26.30.
PNRA has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Panera Bread from $180.00 to $200.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Longbow Research initiated coverage on shares of Panera Bread in a research note on Friday, February 7th. They set a “buy” rating on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of Panera Bread from $122.00 to $144.00 in a research note on Thursday, February 6th. They now have an “underweight” rating on the stock.
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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