Market Overview

UPDATE: Wunderlich Securities Initiates Panera at Hold on Strong EPS Growth Outlook

Share:

In a report published Tuesday, Wunderlich Securities analyst Robert Derrington initiated coverage on Panera (NASDAQ: PNRA) with a Hold rating and $200.00 price target.

In the report, Wunderlich Securities noted, “We are initiating coverage of Panera Bread Company (PNRA) with a Hold rating and a 12-month price target of $200, 7% above recent levels. While we believe management continues to distinguish and elevate its Panera Bread table for stronger trends to come, we believe encroaching competition and investment spending for future initiatives could limit upside to our projections, leading to our more cautious initial rating. Management's adroit evolution of its consumer-friendly bakery café concept has established a high industry standard to which few competitors compare. While management's business model continues to target longer-term EPS growth in the 15%-20% range, over the past 5 years and, despite the Great Recession, annual EPS growth exceeded that range, averaging almost 27% annually.”

Panera closed on Monday at $186.67.

Latest Ratings for PNRA

DateFirmActionFromTo
Apr 2017DowngradesOutperformMarket Perform
Apr 2017DowngradesOutperformMarket Perform
Apr 2017DowngradesOutperformSector Perform

View More Analyst Ratings for PNRA
View the Latest Analyst Ratings

Posted-In: Robert Derrington Wunderlich SecuritiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (PNRA)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
REALDA DavidsonInitiates Coverage On22.0
RVLVDA DavidsonInitiates Coverage On19.0
SFIXDA DavidsonInitiates Coverage On27.0
CONNKeyBancDowngrades
PENNJP MorganMaintains29.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Wunderlich Securities Initiates Red Robin Gourmet Burgers at Buy on Multiple Positive Factors

RetailMeNot Valued @ $1.5B Post IPO