Panera Bread (NASDAQ:PNRA) has been upgraded from Neutral to Buy in a report by Longbow today.
- Updated: October 10, 2016
Boasting a price of $192.73, Panera Bread (NASDAQ:PNRA) traded 2.29% higher on the day. The last stock close price is down -8.30% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $205.36 and a two hundred day average of $211.13. Volume of trade was down over the average, with 232,703 shares of PNRA changing hands under the typical 473,628
Longbow has upgraded Panera Bread (NASDAQ:PNRA) from Neutral to Buy in a statement released on Monday October 10, 2016.
On 9/29/2016, Maxim Group released a statement for Panera Bread (NASDAQ:PNRA) bumped up the target price from $230.00 to $250.00 that suggested an upside of 0.30%.
With a total market value of $0, Panera Bread has price-earnings ratio of 32.77 with a one year low of $165.17 and a one year high of $224.15 .
A total of 17 equity analysts have released a ratings update on PNRA. Six brokerages rating the company a strong buy, eight brokerages rating the company a buy, thirteen brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $231.53.
General Information 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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