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Published: Sat, April 29, 2017
Economy | By Melissa Porter

The Investment Analysts' Recent Ratings Updates for Panera Bread (PNRA)

The Investment Analysts' Recent Ratings Updates for Panera Bread (PNRA)

The firm had revenue of $727.60 million for the quarter, compared to analysts' expectations of $717.36 million. During the same period in the previous year, the firm posted $1.56 EPS.

Yahoo Finance is tracking Chipotle, AT&T and Panera Bread ahead of earnings after the bell Tuesday.

04/05/2017 - Panera Bread Company had its " rating reiterated by analysts at Maxim Group. The firm has a market cap of $7.10 billion, a PE ratio of 50.76 and a beta of 0.31.

Canaccord Genuity has downgraded Panera Bread Co (NASDAQ:PNRA) to Hold in a statement released on 4/26/2017. The stock's 50 day moving average is $253.46 and its 200-day moving average is $219.15.

The Fresh Dough and Other Product Operations segment supplies fresh dough, produce, tuna, cream cheese, and indirectly supplies sweet goods items through a contract manufacturing arrangement, to the Company-owned and franchise-operated bakery-cafes.

Panera is in the process of being acquired by JAB Holding. Finally, Telsey Advisory Group downgraded Panera Bread from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $270.00 to $315.00 in a research report on Thursday, April 6th. Seven analysts surveyed by Zacks expected $718 million. Panera Bread has an average rating of "Hold" and a consensus target price of $271.87.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of US & worldwide copyright & trademark legislation. The original version of this article can be read at https://www.themarketsdaily.com/2017/04/26/panera-bread-co-pnra-price-target-increased-to-270-00-by-analysts-at-bmo-capital-markets-updated.html. Hedge funds and other institutional investors own 93.32% of the company's stock.

Shares of Panera rose about 45 percent over the past 12 months, as of Tuesday's close. Chevy Chase Trust Holdings Inc. now owns 1,780 shares of the company's stock worth $466,000 after buying an additional 5 shares during the last quarter. AlphaOne also assigned news articles about the company an impact score of 94 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term. The business's revenue was up 5.1% on a year-over-year basis.

A total of 17 analysts have released a report on Panera Bread Co. Credit Agricole S A now owns 1,028 shares of the company's stock worth $211,000 after buying an additional 101 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in Panera Bread by 363.9% in the third quarter.

Same-store sales at company-owned bakery-cafés rose 5.3 percent in the quarter. Dean Investment Associates LLC now owns 2,601 shares of the company's stock valued at $506,000 after buying an additional 9 shares during the last quarter.

While many brands rely on third-party delivery companies, Blaine Hurst, president of Panera Bread, said the chain is hiring only in-house drivers.

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