Panera Bread Hits New 12-Month Low at $146.32 (PNRA)
Panera Bread (NASDAQ:PNRA) hit a new 52-week low during mid-day trading on Wednesday , AnalystRatingsNetwork reports. The stock traded as low as $146.32 and last traded at $147.02, with a volume of 330,160 shares trading hands. The stock had previously closed at $149.80.
A number of analysts have recently weighed in on PNRA shares. Analysts at Zacks reiterated a “neutral” rating on shares of Panera Bread in a research note on Friday, June 27th. They now have a $156.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $166.93.
The stock has a 50-day moving average of $152. and a 200-day moving average of $167.9. The company has a market cap of $4.017 billion and a P/E ratio of 22.27.
Panera Bread (NASDAQ:PNRA) last released its earnings data on Tuesday, April 29th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter 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.
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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