Panera Bread Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:PNRA)

Share on StockTwits

Shares of Panera Bread (NASDAQ:PNRA) have received an average recommendation of “Hold” from the twenty-six ratings firms that are covering the company, AmericanBankingNews.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $167.19.

Panera Bread (NASDAQ:PNRA) traded down 0.70% during mid-day trading on Thursday, hitting $148.91. The stock had a trading volume of 30,807 shares. Panera Bread has a 52-week low of $147.28 and a 52-week high of $193.18. The stock has a 50-day moving average of $153. and a 200-day moving average of $168.7. The company has a market cap of $4.060 billion and a price-to-earnings ratio of 22.29.

Panera Bread (NASDAQ:PNRA) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.03. The company had revenue of $605.30 million for the quarter, compared to the consensus estimate of $598.07 million. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Panera Bread will post $6.87 earnings per share for the current fiscal year.

PNRA has been the subject of a number of recent research reports. Analysts at Wunderlich reiterated a “hold” rating on shares of Panera Bread in a research note on Thursday, June 12th. They now have a $170.00 price target on the stock, down previously from $180.00. Separately, analysts at Citigroup Inc. upgraded shares of Panera Bread from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. They now have a $185.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Bank of America upgraded shares of Panera Bread to a “buy” rating in a research note on Wednesday, May 7th.

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.

Receive News & Ratings for Panera Bread Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panera Bread Co and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Lam Research Co.  Releases Q2 Earnings Guidance
Lam Research Co. Releases Q2 Earnings Guidance
Barrick Gold Sets New 12-Month Low at $13.39
Barrick Gold Sets New 12-Month Low at $13.39
IBERIABANK Corp  Releases FY14 Earnings Guidance
IBERIABANK Corp Releases FY14 Earnings Guidance
The Cheesecake Factory Incorporated  Issues Q4 Earnings Guidance
The Cheesecake Factory Incorporated Issues Q4 Earnings Guidance
Oak Valley Bancorp  Releases Quarterly Earnings
Oak Valley Bancorp Releases Quarterly Earnings
Koss Corp  Releases Quarterly Earnings
Koss Corp Releases Quarterly Earnings


Leave a Reply

 
Advertisement
Advertisement
© 2006-2014 Mideast Time.