Jefferies Starts Panera Bread (PNRA) at Buy
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Price: $189.91 +0.13%
Rating Summary:
12 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
12 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade PNRA Now!
Jefferies resumes coverage on Panera Bread (NASDAQ: PNRA) with a Buy and $165 price target.
The firm comments, "We think estimates and valuation underestimate Panera's ability to drive upside to its 15-20% EPS goal, esp. over the next couple years where we see visible topline drivers and signif. capital deployment opps to drive EPS 20%+. Investors may miss the days of 20% unit gr, but we believe the model is shifting toward a more balanced structure, yielding greater op. leverage & better SSS visibility = higher EPS gr than meets the eye."
For an analyst ratings summary and ratings history on Panera Bread click here. For more ratings news on Panera Bread click here.
Shares of Panera Bread closed at $139.24 yesterday, with a 52 week range of $94.62-$145.46.
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The firm comments, "We think estimates and valuation underestimate Panera's ability to drive upside to its 15-20% EPS goal, esp. over the next couple years where we see visible topline drivers and signif. capital deployment opps to drive EPS 20%+. Investors may miss the days of 20% unit gr, but we believe the model is shifting toward a more balanced structure, yielding greater op. leverage & better SSS visibility = higher EPS gr than meets the eye."
For an analyst ratings summary and ratings history on Panera Bread click here. For more ratings news on Panera Bread click here.
Shares of Panera Bread closed at $139.24 yesterday, with a 52 week range of $94.62-$145.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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