The Pantry Reaches New 52-Week High at $21.56 (PTRY)
The Pantry (NASDAQ:PTRY) hit a new 52-week high during mid-day trading on Monday , StockRatingsNetwork reports. The stock traded as high as $21.56 and last traded at $21.55, with a volume of 86,995 shares trading hands. The stock had previously closed at $20.85.
A number of analysts have recently weighed in on PTRY shares. Analysts at Sidoti downgraded shares of The Pantry from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.33.
The stock has a 50-day moving average of $17.98 and a 200-day moving average of $15.93. The company’s market cap is $497.0 million.
The Pantry (NASDAQ:PTRY) last released its earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that The Pantry will post $0.48 EPS for the current fiscal year.
The Pantry, Inc (NASDAQ:PTRY) is an independently operated convenience store chain in the southeastern United States.
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