A statement released earlier today by RBC Capital Markets about Panera Bread (NASDAQ:PNRA) bumps the target price to $255.00
- Updated: February 12, 2017
Boasting a price of $233.87, Panera Bread (NASDAQ:PNRA) traded 0.88% higher on the day. With the last close up 12.12% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Panera Bread has recorded a 50-day average of $213.16 and a two hundred day average of $208.00. Volume of trade was up over the average, with 640,637 shares of PNRA changing hands over the typical 466,139
RBC Capital Markets bumped up the target of Panera Bread (NASDAQ:PNRA) to $255.00 stating a potential upside of 0.09%.
On 1/30/2017, Vetr Inc. released a statement on Panera Bread (NASDAQ:PNRA) bumped up the target price from $0.00 to $218.33 that suggested an upside of 0.04%.
With a total market value of $0, Panera Bread has 52 week low of $185.69 and a 52 week high of $236.25 with a PE ratio of 37.74 .
In addition to RBC Capital Markets reporting its stock price target, a total of 17 brokerages have issued a research note on the company. The average stock price target is $231.53 with 6 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 13 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Panera Bread (NASDAQ:PNRA)
Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The Company's menu groups are daily baked goods, including a range of freshly baked bagels, breads, muffins, scones, rolls, and sweet goods, made-to-order sandwiches on freshly baked breads, soups, freshly prepared and hand-tossed salads, pasta dishes, and roasted coffees and cafe beverages, such as hot or cold espresso and cappuccino drinks and smoothies. The Company offers Panera Catering, a catering service that provides breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items.
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