Pantry PT Raised to $16.00 (PTRY)
Analysts at Deutsche Bank boosted their target price on shares of Pantry (NASDAQ:PTRY) from $13.00 to $16.00 in a research report issued to clients and investors on Monday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 2.89% from the stock’s previous close.
Pantry (NASDAQ:PTRY) traded up 3.86% on Monday, hitting $16.15. The stock had a trading volume of 183,966 shares. Pantry has a 52-week low of $10.99 and a 52-week high of $17.62. The stock’s 50-day moving average is $14.98 and its 200-day moving average is $14.32. The company’s market cap is $379.0 million.
Pantry (NASDAQ:PTRY) last announced its 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. On average, analysts predict that Pantry will post $0.44 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. upgraded shares of Pantry from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $18.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Pantry in a research note on Friday, February 21st. They set a “neutral” rating on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Pantry has a consensus rating of “Hold” and a consensus price target of $15.43.
The Pantry, Inc (NASDAQ:PTRY) is an independently operated convenience store chain in the southeastern United States.
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