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A statement released earlier today by Telsey Advisory Group about Panera Bread (NASDAQ:PNRA) bumps the target price to $270.00

In a report released on 2/10/2017 Telsey Advisory Group increased the stock price target of Panera Bread (NASDAQ:PNRA) from $250.00 to $270.00 stating a potential upside of 0.17%.

Boasting a price of $231.18, Panera Bread (NASDAQ:PNRA) traded 0.88% higher on the day. With the last stock price close up 12.12% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the same time. The company has recorded a 50-day moving average of $213.16 and a 200-day moving average of $208.00. 640,637 shares of the stock were exchanged, up from an average trading volume of 466,139

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Panera Bread (NASDAQ:PNRA)

Panera Bread has a 52 week low of $185.69 and a 52 week high of $236.25 with a P/E ratio of 37.74 The company’s market cap is currently $0.

In addition to Telsey Advisory Group reporting its target price, a total of 17 firms have issued a report on the stock. The consensus target price is $231.53 with 6 firms rating the stock a strong buy, 8 firms rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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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