Market Overview

Benchmark Maintains Buy on The Pantry

Related PTRY
Pantry (PTRY) is Overbought: Is A Drop Coming? - Tale of the Tape
Shares Of The Pantry Up 10.5% Following Changes To The Board, Macquarie Upgrade

In a report published earlier today, Benchmark reiterated a Buy rating for The Pantry (NASDAQ: PTRY) and a price target of $20.

Benchmark comments, “We are raising our 3Q12 EPS estimate by $0.14 to $0.59, from $0.45. If this environment continues through September, it could also produce upside to Q4. On the increase of our 3Q12 EPS estimate, our FY12 EPS estimate increased to $0.58, flowing through only the benefit in Q3. Our FY13 EPS remained $1.10. We believe over the next couple years, The Pantry could improve its store base, which could lead to years of revenue growth. We maintained our price target of $20.00, on 6.5x our 2013 EBITDA estimate.”

PTRY closed at $13.05 on Wednesday.

Posted-In: The Benchmark CompanyAnalyst Color Reiteration Analyst Ratings


Most Popular

Related Articles (PTRY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free