Pantry Downgraded to Hold at Jefferson Research (PTRY)
Pantry (NASDAQ:PTRY) was downgraded by equities researchers at Jefferson Research from a “buy” rating to a “hold” rating in a research report issued on Friday, AnalystRatings.Net reports.
Shares of Pantry (NASDAQ:PTRY) traded up 1.02% during mid-day trading on Friday, hitting $13.85. The stock had a trading volume of 29,063 shares. Pantry has a one year low of $10.99 and a one year high of $17.62. The stock has a 50-day moving average of $15.48 and a 200-day moving average of $13.5. The company’s market cap is $325.0 million.
Pantry (NASDAQ:PTRY) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Analysts expect that Pantry will post $0.48 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Pantry from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $13.70 price target on the stock. Separately, analysts at Benchmark Co. downgraded shares of Pantry from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. They now have a $18.00 price target on the stock, up previously from $16.00. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.68.
The Pantry, Inc (NASDAQ:PTRY) is an independently operated convenience store chain in the southeastern United States.
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.