The Pantry Downgraded by Sidoti to “Neutral” (PTRY)
The Pantry (NASDAQ:PTRY) was downgraded by stock analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Shares of The Pantry (NASDAQ:PTRY) traded down 0.62% during mid-day trading on Friday, hitting $20.89. 95,612 shares of the company’s stock traded hands. The Pantry has a 52-week low of $10.99 and a 52-week high of $21.50. The stock’s 50-day moving average is $17.88 and its 200-day moving average is $15.88. The company’s market cap is $489.7 million.
The Pantry (NASDAQ:PTRY) last issued its quarterly earnings data 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 last year, the company posted $0.28 earnings per share. The Pantry’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that The Pantry will post $0.48 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 a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $19.30 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Pantry in a research note on Thursday, July 31st. They now have a $18.00 price target on the stock, up previously from $16.00. 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.33.
The Pantry, Inc (NASDAQ:PTRY) is an independently operated convenience store chain in the southeastern United States.
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