Panera Now A Buy, Vetr Community Says

Shares of Panera Bread Co PNRA have gained more than 10.5 percent in 2016. The Vetr crowd seems to believe the rally will continue for a little while longer, as evidenced by its average price target of $226.25, which implies upside potential of almost 5 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr community upgraded its rating on shares of Panera on Wednesday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

It should be noted that, in accordance with the new rating, 66 percent of the crowd’s ratings are bullish.