Equities research analysts at Longbow Research started coverage on shares of Panera Bread Company (NASDAQ: PNRA)
Several other analysts have also recently commented on the stock. Analysts at Wedbush upgraded shares of Panera Bread Company from a ?neutral? rating to an ?outperform? rating in a research note to investors on Tuesday, December 18th. They now have a $190.00 price target on the stock, up previously from $160.00. Separately, analysts at Zacks reiterated a ?neutral? rating on shares of Panera Bread Company in a research note to investors on Monday, November 12th. They now have a $172.00 price target on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of Panera Bread Company to $188.00 in a research note to investors on Thursday, October 25th. They now have a ?buy? rating on the stock. Panera Bread Company opened at 163.43 on Tuesday. Panera Bread Company has a 52-week low of $135.40 and a 52-week high of $175.26. The stock?s 50-day moving average is currently $161.0. The company has a market cap of $4.779 billion and a price-to-earnings ratio of 29.97. Panera Bread Company last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.05. The company?s revenue for the quarter was up 16.8% on a year-over-year basis. Panera Bread Company has set its Q4 guidance at $1.72-1.74 EPS. On average, analysts predict that Panera Bread Company will post $5.88 earnings per share for the current fiscal year. Panera Bread Company (Panera) 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.