Panera Bread Company (PNRA) : 21 analysts are covering Panera Bread Company (PNRA) and their average rating on the stock is 1.88, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Panera Bread Company (PNRA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Panera Bread Company (PNRA) : Average target price received by Panera Bread Company (PNRA) is $234.2 with an expected standard deviation of $23.2. The most aggressive target on the stock is $260, whereas the most downbeat target is $175. 15 financial analysts are currently covering the stock.
Also, Canaccord Genuity initiates coverage on Panera Bread Company (NASDAQ:PNRA) . Analysts at the Canaccord Genuity have a current rating of Buy on the shares. The rating by the firm was issued on August 22, 2016.
Panera Bread Company (NASDAQ:PNRA): After opening at $202.77, the stock dipped to an intraday low of $202.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $206.05 and the buying power remained strong till the end. The stock closed at $204.36 for the day, a gain of 0.51% for the day session. The total traded volume was 562,033. The stocks close on the previous trading day was $203.33.
Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with 1,880 Company-owned and franchise-operated bakery-cafe locations in 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. As of December 30, 2014, its Company bakery-cafe operations segment consisted of 925 Company-owned bakery-cafes and its franchise operations segment consisted of 955 franchise-operated bakery-cafes, located throughout the United States and in Ontario, Canada. As of December 30, 2014, its fresh dough and other product operations segment, which supplies fresh dough and other products daily to the Company-owned and franchise-operated bakery-cafes, consisted of 24 fresh dough facilities (22 Company-owned and two franchise-operated), located throughout the United States and one in Ontario, Canada.