Oppenheimer Raises Price Target On Panera Bread (PNRA) Ahead of Q4 Results
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Price: $314.93 --0%
Rating Summary:
12 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 13
Rating Summary:
12 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 13
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Oppenheimer raised its price target on Outperform-rated Panera Bread (NASDAQ: PNRA) to $175 ahead of Q4 results after the market close on Tuesday, February 7, 2012.
For Q4, the firm sees +6.3% comps (vs. guidance of +5.5%-6.5%) driven by +6% average check growth. They said any positive traffic could drive comp upside and additional earnings leverage.
For the 2012, the firm sees EPS of $5.74 which remains above Street's $5.49.
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 $154.96 yesterday.
For Q4, the firm sees +6.3% comps (vs. guidance of +5.5%-6.5%) driven by +6% average check growth. They said any positive traffic could drive comp upside and additional earnings leverage.
For the 2012, the firm sees EPS of $5.74 which remains above Street's $5.49.
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 $154.96 yesterday.
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