Global Hunter Securities Initiates Coverage on The Pantry (PTRY) with a Neutral
PTRY Hot Sheet
Rating Summary:2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Global Hunter Securities initiates coverage on The Pantry (Nasdaq: PTRY) with a Neutral rating. Target Price: $15.50.
Global analyst says, "The Pantry continues its balanced strategy of strategic growth and efficient capital allocation. While the company could continue store growth through selective acquisitions and new construction, it has more immediately embarked on activities that should increase operating efficiencies as well as produce organic growth. While we are intrigued by the current valuation and optimistic about the company’s initiatives, we are initiating with a Neutral rating due to our near term concerns on gross margin."
To see all the upgrades/downgrades on shares of PTRY, visit our Analyst Ratings page.
The Pantry, Inc. (Pantry) is an independently operated convenience store chain in the southeastern United States.
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