8×8, Inc. (EGHT) Reaches $13.55 After 4.00% Up Move; Panera Bread Co (PNRA) Had 12 Bullish Analysts

August 9, 2017 - By marketbeat

The stock of 8×8, Inc. (NASDAQ:EGHT) is a huge mover today! About 629,658 shares traded. 8×8, Inc. (NASDAQ:EGHT) has risen 12.01% since August 9, 2016 and is uptrending. It has underperformed by 4.69% the S&P500.The move comes after 8 months positive chart setup for the $1.24 billion company. It was reported on Aug, 9 by Barchart.com. We have $14.09 PT which if reached, will make NASDAQ:EGHT worth $49.60 million more.

Among 21 analysts covering Panera Bread (NASDAQ:PNRA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Panera Bread had 38 analyst reports since July 30, 2015 according to SRatingsIntel. On Thursday, October 29 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, April 6. Wedbush downgraded it to “Neutral” rating and $220 target in Monday, November 28 report. As per Friday, April 7, the company rating was downgraded by Wells Fargo. The company was upgraded on Monday, October 10 by Longbow. Credit Suisse maintained it with “Outperform” rating and $220 target in Thursday, February 11 report. The stock has “Neutral” rating by Robert W. Baird on Tuesday, April 4. Jefferies maintained Panera Bread Co (NASDAQ:PNRA) on Tuesday, June 13 with “Hold” rating. Oppenheimer upgraded Panera Bread Co (NASDAQ:PNRA) on Wednesday, January 4 to “Outperform” rating. The stock has “Buy” rating by Maxim Group on Monday, January 4. See Panera Bread Co (NASDAQ:PNRA) latest ratings:

15/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $315.0000 Maintain
13/06/2017 Broker: Jefferies Rating: Hold New Target: $315.0000 Maintain
07/04/2017 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
06/04/2017 Broker: Telsey Advisory Group Old Rating: Outperform New Rating: Market Perform New Target: $315.00 Downgrade
06/04/2017 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform New Target: $315.00 Downgrade
04/04/2017 Broker: Robert W. Baird Rating: Neutral Old Target: $265.00 New Target: $290.00 Downgrade
10/02/2017 Broker: Telsey Advisory Group Rating: Outperform Old Target: $250 New Target: $270 Maintain

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.24, from 0.94 in 2016Q3. It increased, as 18 investors sold 8×8, Inc. shares while 55 reduced holdings. 33 funds opened positions while 53 raised stakes. 59.83 million shares or 2.43% less from 61.32 million shares in 2016Q3 were reported. Texas Permanent School Fund holds 66,044 shares. Principal Group Inc Inc owns 676,485 shares or 0.01% of their US portfolio. Invesco Ltd holds 0% or 694,750 shares in its portfolio. Carl Domino Inc owns 27,000 shares or 0.41% of their US portfolio. Ellington Mgmt Grp Ltd Company accumulated 15,300 shares. First Mercantile Tru has 33,103 shares. Nationwide Fund Advisors owns 55,170 shares. Landscape Cap Mgmt Ltd Liability invested in 0.05% or 27,173 shares. 134,475 are owned by Rice Hall James And Assocs Limited Liability Com. Susquehanna Gp Llp reported 0% of its portfolio in 8×8, Inc. (NASDAQ:EGHT). 247,118 are held by Millennium Mgmt. First Advsrs Ltd Partnership invested in 0.11% or 2.61 million shares. Connecticut-based Paloma Co has invested 0% in 8×8, Inc. (NASDAQ:EGHT). Shannon River Fund Mngmt Ltd, a New York-based fund reported 550,114 shares. Gsa Cap Ptnrs Llp invested in 0.03% or 35,165 shares.

Among 10 analysts covering 8×8 (NASDAQ:EGHT), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. 8×8 had 18 analyst reports since August 10, 2015 according to SRatingsIntel. William Blair maintained the stock with “Hold” rating in Friday, May 26 report. The company was maintained on Friday, May 20 by Barclays Capital. The firm earned “Neutral” rating on Friday, August 26 by Robert W. Baird. The rating was maintained by Needham on Friday, July 22 with “Buy”. The firm has “Hold” rating by Craig Hallum given on Friday, July 28. The rating was maintained by Barclays Capital with “Overweight” on Friday, January 22. Needham initiated the stock with “Buy” rating in Friday, June 3 report. The stock of 8×8, Inc. (NASDAQ:EGHT) earned “Outperform” rating by Northland Capital on Friday, October 23. The stock of 8×8, Inc. (NASDAQ:EGHT) has “Outperform” rating given on Monday, December 12 by Robert W. Baird. Northland Capital maintained the stock with “Buy” rating in Friday, July 28 report.

8×8, Inc. provides cloud-based, enterprise-class software solutions. The company has market cap of $1.24 billion. The Company’s solutions are delivered through Software as a Service business model. It currently has negative earnings. The Company’s divisions include Americas and Europe.

Panera Bread Company is a food service company. The company has market cap of $7.16 billion. The Firm is a national bakery-cafe concept. It has a 47.58 P/E ratio. 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.

Investors sentiment decreased to 0.73 in Q4 2016. Its down 0.32, from 1.05 in 2016Q3. It turned negative, as 60 investors sold Panera Bread Co shares while 126 reduced holdings. 50 funds opened positions while 86 raised stakes. 20.27 million shares or 5.14% less from 21.37 million shares in 2016Q3 were reported. Kistler reported 0% stake. Fruth Inv holds 9,600 shares or 0.9% of its portfolio. Jacobs Levy Equity stated it has 0.1% of its portfolio in Panera Bread Co (NASDAQ:PNRA). Amalgamated State Bank invested in 0.04% or 4,309 shares. Moreover, Farr Miller Washington Llc Dc has 0.03% invested in Panera Bread Co (NASDAQ:PNRA). Moreover, Welch & Forbes Ltd Company has 0.01% invested in Panera Bread Co (NASDAQ:PNRA). Mutual Of America Cap Mngmt Limited Company has invested 0.16% of its portfolio in Panera Bread Co (NASDAQ:PNRA). Peak6 Invs L P accumulated 17,599 shares. 8,821 are held by Dynamic Cap Management Limited. 58,448 were reported by Royal National Bank & Trust Of Canada. Fmr Ltd Liability Com reported 0.02% of its portfolio in Panera Bread Co (NASDAQ:PNRA). The Illinois-based Castleark Management Llc has invested 0.77% in Panera Bread Co (NASDAQ:PNRA). Allstate stated it has 34,022 shares. Ridgeworth Cap Mngmt Lc has 1,660 shares for 0% of their portfolio. Manufacturers Life Insur The holds 0.01% or 30,958 shares.

It is down 51.10% since August 9, 2016 and is uptrending. It has outperformed by 34.40% the S&P500.