November 28, 2016 - By Clifton Ray
Panera Bread (PNRA)‘s stock was decreased to a Neutral by stock analysts at Wedbush, who have a price target of $220.0 on PNRA. The firm’s Outperform rating is no longer valid.
Out of 2 analysts covering Panera Bread (PNRA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Panera Bread has been the topic of 2 analyst reports since September 29, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Longbow given on Monday, October 10. The firm has “Buy” rating given on Thursday, September 29 by Maxim Group.
The stock decreased 0.34% or $0.74 during the last trading session, hitting $217.16. About 200 shares traded hands. Panera Bread Co (PNRA) has risen 0.68% since April 25, 2016 and is uptrending. It has underperformed by 5.34% the S&P500.
Analysts await Panera Bread Co (NASDAQ:PNRA) to report earnings on February, 14. They expect $2.00 EPS, up 6.38% or $0.12 from last year’s $1.88 per share. PNRA’s profit will be $46.23 million for 27.15 P/E if the $2.00 EPS becomes a reality. After $1.37 actual EPS reported by Panera Bread Co for the previous quarter, Wall Street now forecasts 45.99% EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.16, from 0.89 in 2016Q1. The ratio increased, as 43 funds sold all Panera Bread Co shares owned while 120 reduced positions. 45 funds bought stakes while 100 increased positions. They now own 21.44 million shares or 0.77% more from 21.28 million shares in 2016Q1.
Moreover, Pacad Inv Limited has 0.04% invested in Panera Bread Co (NASDAQ:PNRA) for 1,300 shares. Argent Capital Ltd Limited Liability Company, a Missouri-based fund reported 1,685 shares. Moreover, Jfs Wealth Advsrs Ltd Llc has 0% invested in Panera Bread Co (NASDAQ:PNRA) for 20 shares. The Texas-based Capstone Asset Mngmt Com has invested 0.02% in Panera Bread Co (NASDAQ:PNRA). Wells Fargo And Mn has invested 0.01% of its portfolio in Panera Bread Co (NASDAQ:PNRA). The Australia-based Macquarie Grp Inc Ltd has invested 0.01% in Panera Bread Co (NASDAQ:PNRA). Capital Advisers Ltd Liability Co has invested 0% of its portfolio in Panera Bread Co (NASDAQ:PNRA). Arrowstreet Capital L P holds 0.01% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 10,900 shares. Leavell Mgmt accumulated 0.07% or 2,390 shares. Moreover, Sg Americas Secs Lc has 0.01% invested in Panera Bread Co (NASDAQ:PNRA) for 9,746 shares. Checchi Cap Advisers Limited holds 215 shares or 0.01% of its portfolio. Dg Cap Inc holds 1.14% or 5,047 shares in its portfolio. Blackrock Group Limited has 0% invested in the company for 20,252 shares. Bnp Paribas Arbitrage Sa has 23,285 shares for 0.02% of their US portfolio. Raymond James Fincl Ser Advsrs holds 0.02% or 10,353 shares in its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 7 selling transactions for $265,565 net activity. $44,026 worth of Panera Bread Co (NASDAQ:PNRA) shares were sold by Blair Scott G. $7,897 worth of Panera Bread Co (NASDAQ:PNRA) was sold by Wooldridge Mark D. on Tuesday, August 30. Another trade for 650 shares valued at $142,181 was sold by Simpson William Henry Jr..
Panera Bread Company is a food service provider. The company has a market cap of $5.02 billion. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. It has a 36.12 P/E ratio. The Firm operates through three divisions: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations.
According to Zacks Investment Research, “Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch, including fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, custom roasted coffees, as well as other cafe beverages, and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience. >”
Panera Bread Company (Panera), incorporated on June 2, 1988, is a food service provider. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. The Firm operates through three divisions: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The Company’s menu groups are daily baked goods, including a range of freshly baked bagels, breads, muffins, scones, rolls, and sweet goods, made-to-order sandwiches on freshly baked breads, soups, freshly prepared and hand-tossed salads, pasta dishes, and roasted coffees and cafe beverages, such as hot or cold espresso and cappuccino drinks and smoothies. The Firm offers Panera Catering, a catering service that provides breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items.
More notable recent Panera Bread Co (NASDAQ:PNRA) news were published by: Usnews.com which released: “PNRA Stock: 4 Reasons to Buy Panera Bread Co” on September 09, 2016, also Fool.com with their article: “Panera Bread Co. Bakes Up a Strong Quarter” published on July 27, 2016, Forbes.com published: “What’s Fueling The Success Of Panera Bread” on June 13, 2016. More interesting news about Panera Bread Co (NASDAQ:PNRA) were released by: Etfdailynews.com and their article: “Panera Bread Co Shares Surge 6% as Q3 Earnings Top Estimates” published on October 25, 2016 as well as Profitconfidential.com‘s news article titled: “Panera Bread Company: This Could Send PNRA Stock Soaring” with publication date: September 02, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Clifton Ray