Jefferies Boosts PT on Panera Bread (PNRA) to $175
Get Alerts PNRA Hot Sheet
Price: $314.93 --0%
Rating Summary:
12 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
12 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Jefferies boosted estiamtes and its price target on Panera Bread (NASDAQ: PNRA) from $167 to $175 saying sustainable SSS and easing commodities costs should yield upside to '12 and '13.
The firm comments, "Conf call provided addl clarity on easing commodity costs & SSS trends into March & April which appear to be essentially unaided by weather/calendar. Given solid SSS trends & lower infl outlook, we see potential upside to guidance implying high-teens EPS gr in 2H & see further upside for '13. Our ’12/13 EPS raised above consensus to $5.65/6.98 (from $5.54/6.67). We view 22.5x ’13 EPS val as attractive for a 20%+ grower."
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 $158.07 yesterday.
The firm comments, "Conf call provided addl clarity on easing commodity costs & SSS trends into March & April which appear to be essentially unaided by weather/calendar. Given solid SSS trends & lower infl outlook, we see potential upside to guidance implying high-teens EPS gr in 2H & see further upside for '13. Our ’12/13 EPS raised above consensus to $5.65/6.98 (from $5.54/6.67). We view 22.5x ’13 EPS val as attractive for a 20%+ grower."
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 $158.07 yesterday.
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