Longbow downgraded Panera Bread (NASDAQ:PNRA) from Buy to Neutral in a statement released earlier today.
- Updated: February 11, 2017
Longbow has downgraded Panera Bread (NASDAQ:PNRA) from Buy to Neutral in a statement released on Thursday February 09, 2017.
On 1/30/2017, Vetr Inc. released a statement on Panera Bread (NASDAQ:PNRA) upped the target price from $0.00 to $218.33 that suggested an upside of 0.04%.
Having a price of $230.72, 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 period. PNRA has recorded a 50-day moving average of $213.16 and a 200-day moving average of $208.00. 640,637 shares of PNRA traded hands, up from an average trading volume of 466,139
Recent Performance Chart
Panera Bread has 52 week low of $185.69 and a 52 week high of $236.25 with a PE ratio of 37.74 and has a market capitalization of $0.
In addition to Longbow reporting its stock price target, a total of 17 brokerages have issued a ratings update 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.