Deutsche Bank Reiterates Hold Rating for The Pantry (PTRY)
The Pantry (NASDAQ:PTRY)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They currently have a $18.00 price target on the stock, up from their previous price target of $16.00. Deutsche Bank’s target price would indicate a potential upside of 0.50% from the stock’s previous close.
Shares of The Pantry (NASDAQ:PTRY) traded up 1.76% during mid-day trading on Thursday, hitting $17.91. The stock had a trading volume of 431,376 shares. The Pantry has a 52-week low of $10.99 and a 52-week high of $18.61. The stock has a 50-day moving average of $16.30 and a 200-day moving average of $15.46. The company’s market cap is $420.0 million.
The Pantry (NASDAQ:PTRY) last announced its earnings results on Wednesday, July 30th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.29. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that The Pantry will post $0.22 earnings per share for the current fiscal year.
A number of other firms have also recently commented on PTRY. Analysts at Zacks upgraded shares of The Pantry from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $17.30 price target on the stock. Finally, analysts at Macquarie upgraded shares of The Pantry from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 28th. They now have a $14.00 price target on the stock, down previously from $29.00.
The Pantry, Inc (NASDAQ:PTRY) is an independently operated convenience store chain in the southeastern United States.
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