Panera Bread (PNRA) Earns Daily Coverage Optimism Score of 0.11

Media headlines about Panera Bread (NASDAQ:PNRA) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Panera Bread earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7705860815901 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several research analysts have recently commented on the company. BidaskClub downgraded Panera Bread from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective on the stock in a research note on Tuesday, July 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. Finally, Canaccord Genuity downgraded Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $278.35.

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About Panera Bread

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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