Panera Bread Company (PNRA) Receives Price Target

Panera Bread Company (PNRA) : Currently there are 15 street experts covering Panera Bread Company (PNRA) stock. The most bullish and bearish price target for the stock is $260 and $175 respectively for the short term. The average price target of all the analysts comes to $234.2. The estimated standard deviation from the target is $23.2.

Panera Bread Company (PNRA) : The consensus on Panera Bread Company (PNRA) based on 21 analyst recommendation on the company stock is 1.88, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Canaccord Genuity initiates coverage on Panera Bread Company (NASDAQ:PNRA). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on August 22, 2016.

Panera Bread Company (NASDAQ:PNRA): The stock opened at $218.17 on Thursday but the bulls could not build on the opening and the stock topped out at $218.95 for the day. The stock traded down to $214.56 during the day, due to lack of any buying support eventually closed down at $215.59 with a loss of -0.72% for the day. The stock had closed at $217.15 on the previous day. The total traded volume was 269,407 shares.

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.

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