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Panera Bread (NASDAQ:PNRA)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday. They currently have a $160.00 price objective on the stock, down from their previous price objective of $165.00. Deutsche Bank’s price objective suggests a potential upside of 8.62% from the company’s current price.

Panera Bread (NASDAQ:PNRA) traded down 2.94% on Thursday, hitting $147.30. 1,413,126 shares of the company’s stock traded hands. Panera Bread has a 52 week low of $142.41 and a 52 week high of $193.18. The stock has a 50-day moving average of $148. and a 200-day moving average of $163.9. The company has a market cap of $3.970 billion and a price-to-earnings ratio of 22.34.

Panera Bread (NASDAQ:PNRA) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. The company had revenue of $631.05 million for the quarter, compared to the consensus estimate of $640.78 million. During the same quarter in the previous year, the company posted $1.74 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Panera Bread will post $6.74 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Panera Bread from $174.00 to $167.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Panera Bread from $184.00 to $182.00 in a research note on Monday. Finally, analysts at Wunderlich cut their price target on shares of Panera Bread from $170.00 to $162.00 in a research note on Friday, July 25th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Panera Bread currently has a consensus rating of “Hold” and a consensus price target of $164.32.

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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