Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Panera Bread (PNRA) Stock Price
Media headlines about Panera Bread (NASDAQ:PNRA) have been trending somewhat positive on Monday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Panera Bread earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.5083508873998 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
PNRA has been the subject of several analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Panera Bread in a report on Monday, July 3rd. BidaskClub cut shares of Panera Bread from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective on the stock in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. Panera Bread has an average rating of “Hold” and a consensus price target of $285.67.
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Panera Bread Company Profile
Panera Bread Company is a food service company. The Company is a national bakery-cafe concept. As of December 27, 2016, the Company operated 2,036 own and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations.
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