Panera Bread (NASDAQ:PNRA) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Panera Bread (NASDAQ:PNRA) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Panera Bread earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9374977178013 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of analysts have recently commented on PNRA shares. Canaccord Genuity lowered Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Wednesday, April 26th. BidaskClub lowered Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price target on the stock in a report on Tuesday, July 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Panera Bread in a report on Monday, July 3rd. Finally, Maxim Group restated a “hold” rating and issued a $315.00 price target on shares of Panera Bread in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $278.35.
About Panera Bread
Panera Bread Company is a food service company. The Company is a national bakery-cafe concept. As of December 27, 2016, the Company operated 2,036 own and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations.
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