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Panera Bread (NASDAQ:PNRA) was upgraded by equities researchers at Barclays to an “overweight” rating in a research report issued on Wednesday.

Panera Bread (NASDAQ:PNRA) opened at 151.74 on Wednesday. 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 $147.5 and a 200-day moving average of $161.8. The company has a market cap of $4.090 billion and a P/E ratio of 21.93.

Panera Bread (NASDAQ:PNRA) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.82 earnings per share for the quarter, beating the analysts’ 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 last 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. On average, analysts predict that Panera Bread will post $6.69 earnings per share for the current fiscal year.

In other Panera Bread news, SVP Mark Borland sold 302 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $146.00, for a total value of $44,092.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of other firms have also recently commented on PNRA. Analysts at Zacks reiterated a “neutral” rating on shares of Panera Bread in a research note on Thursday, July 31st. They now have a $159.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Panera Bread in a research note on Thursday, July 31st. They now have a $160.00 price target on the stock, down previously from $165.00. Finally, analysts at Susquehanna cut their price target on shares of Panera Bread from $184.00 to $182.00 in a research note on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $164.16.

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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