Panera Bread Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:PNRA)
Shares of Panera Bread (NASDAQ:PNRA) have received an average recommendation of “Hold” from the twenty-six ratings firms that are covering the company, AmericanBankingNews.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $167.19.
Panera Bread (NASDAQ:PNRA) traded down 0.70% during mid-day trading on Thursday, hitting $148.91. The stock had a trading volume of 30,807 shares. Panera Bread has a 52-week low of $147.28 and a 52-week high of $193.18. The stock has a 50-day moving average of $153. and a 200-day moving average of $168.7. The company has a market cap of $4.060 billion and a price-to-earnings ratio of 22.29.
Panera Bread (NASDAQ:PNRA) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Panera Bread will post $6.87 earnings per share for the current fiscal year.
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, June 12th. 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.
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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