Panera Now A Buy, Vetr Crowd Says

Shares of Panera Bread Co PNRA have gained roughly 13.5 percent year-to-date, surging more than 1.15 percent over the past week alone. It seems like the Vetr crowd thinks the rally will continue. Accordingly, the crowd has set an average price target of $226.25, which implies a potential return of 2.7 percent.

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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Panera on Monday, from 3.0(Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 70 percent of the crowd’s ratings are bullish.