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Panera Bread (NASDAQ:PNRA) target price raised to $250.00, reported today by Maxim Group

Boasting a price of $192.18, Panera Bread (NASDAQ:PNRA) traded 1.26% higher on the day. With the last stock price close down -8.07% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PNRA has recorded a 50-day average of $209.35 and a two hundred day average of $211.80. Trade Volume was up over the average, with 763,338 shares of PNRA changing hands over the typical 459,295

Panera Bread (NASDAQ:PNRA) had its price target upped to $250.00 by Maxim Group in a report released Thursday September 29, 2016. The new stock price target implies a possible upside of 0.30% based on the company's most recent stock price close.

On Wednesday September 21, 2016, Vetr Inc. released a statement for Panera Bread (NASDAQ:PNRA) bumped up the target price from $0.00 to $202.50 that suggested an upside of 0.02%.

See Chart Below

Panera Bread (NASDAQ:PNRA)

Panera Bread has a 52 week low of $165.17 and a 52 week high of $224.15 with a P/E ratio of 32.96 Panera Bread’s market capitalization is currently $0.

In addition to Maxim Group reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target 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.

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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