TheStreet restated their buy rating on shares of Panera Bread (NASDAQ: PNRA) in a report released on Monday, Analyst Ratings Network reports.
“Panera Bread Company (PNRA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.,” the firm’s analyst commented.
TheStreet has also taken action a number of other consumer discretionary stocks recently. The firm reiterated its buy rating on shares of Yum! Brands Inc.. Also, TheStreet reiterated its hold rating on shares of MGM Resorts International.
Other equities research analysts have also recently issued reports about the stock. Analysts at Miller Tabak raised their price target on shares of Panera Bread from $200.00 to $210.00 in a research note to investors on Thursday, June 13th. They now have a buy rating on the stock. Separately, analysts at Lazard Capital downgraded shares of Panera Bread from a buy rating to a neutral rating in a research note to investors on Friday, May 31st. They now have a $199.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Panera Bread in a research note to investors on Friday, May 24th. They now have a $199.00 price target on the stock.
One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $193.87.
Panera Bread (NASDAQ: PNRA) opened at 189.44 on Monday. Panera Bread has a 1-year low of $135.40 and a 1-year high of $194.77. The stock’s 50-day moving average is currently $186.1. The company has a market cap of $5.522 billion and a price-to-earnings ratio of 30.90.
Panera Bread Company (NASDAQ: PNRA) s a national bakery-cafe concept with 1,541 Company-owned and franchise-operated bakery-cafe locations in42 states, the District of Columbia, and Ontario, Canada.