Time for Investors to Take the Plunge on Panera Bread Company (NASDAQ:PNRA)

Equity Research firms currently have a positive stance on shares of Panera Bread Company (NASDAQ:PNRA). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $237.29 on a short term basis.

At the time of writing, the stock was trading at $192.43. This represents a change from the opening price of -0.38%. In terms of performance, year to date, the stock is -1.50%. The monthly stock performance comes in at -11.01%. For the quarter, shares are performing at -7.88%. Weekly performance analysis shows the equity at -1.81%.

In taking a look at technical levels, shares are trading -8.91% away from the 50 day simple moving average and -7.15% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -14.15% away from it’s 52- week high and 16.50% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Panera Bread Company’s RSI stands at 29.00. In looking at volatility levels, the shares saw weekly volatility of 1.85% and 1.82% over the past month.

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