Consumer Price Index Overview: The Consumer Price Index for September showed a 3.0% year-over-year increase, which was below economists' expectations and slightly lower than August's rate.
Food Price Increases: The food category rose by 3.1% year-over-year in October, with significant increases in beef prices, including uncooked ground beef (+12.9%) and beef roasts (+18.4%).
Beef Price Drivers: Record-high beef prices in the U.S. are attributed to supply shortages from droughts, high feed costs, and reduced cattle inventories, with the national herd at its lowest in decades.
Impact on Companies: Numerous companies, including JBS, Kroger, and McDonald's, are affected by rising beef prices, which are further exacerbated by tariffs and trade disruptions limiting foreign supply.
Wall Street analysts forecast PBJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast PBJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 46.910
Low
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Current: 46.910
Low
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
