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Panera Bread (NASDAQ:PNRA) hit a new 52-week low on Monday , American Banking News reports. The stock traded as low as $149.03 and last traded at $149.53, with a volume of 331,115 shares traded. The stock had previously closed at $151.40.

PNRA has been the subject of a number of recent research reports. Analysts at Wunderlich reiterated a “hold” rating on shares of Panera Bread in a research note on Thursday. They now have a $170.00 price target on the stock, down previously from $180.00. Separately, analysts at Citigroup Inc. upgraded shares of Panera Bread from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. They now have a $185.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Bank of America upgraded shares of Panera Bread to a “buy” rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $167.19.

The stock’s 50-day moving average is $156.0 and its 200-day moving average is $170.. The company has a market cap of $4.077 billion and a price-to-earnings ratio of 22.51.

Panera Bread (NASDAQ:PNRA) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.52 by $0.03. The company had revenue of $605.30 million for the quarter, compared to the consensus estimate of $598.07 million. During the same quarter last year, the company posted $1.64 earnings per share. Panera Bread’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that Panera Bread will post $6.87 EPS for the current fiscal year.

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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