November 28, 2016 - By Michael Collier
Panera Bread (NASDAQ:PNRA)‘s Outperform rating is no longer valid. The firm rating was downgraded by expert analysts at Wedbush to Neutral. They have a price target of $220.00 on PNRA.
Out of 18 analysts covering Panera Bread (NASDAQ:PNRA), 15 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 83% are positive. $250 is the highest target while $196 is the lowest. The $234.10 average target is 9.83% above today’s ($213.15) stock price. Panera Bread has been the topic of 26 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets initiated the stock with “Outperform” rating in Wednesday, July 20 report. The company was maintained on Thursday, October 29 by Credit Suisse. The firm has “Outperform” rating by Telsey Advisory Group given on Tuesday, September 29. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, April 19. The firm earned “Outperform” rating on Monday, May 2 by Telsey Advisory Group. The stock of Panera Bread Co (NASDAQ:PNRA) earned “Outperform” rating by Credit Suisse on Thursday, February 11. The firm has “Neutral” rating given on Thursday, March 31 by Goldman Sachs. Wedbush maintained the shares of PNRA in a report on Thursday, April 28 with “Outperform” rating. Piper Jaffray maintained Panera Bread Co (NASDAQ:PNRA) rating on Thursday, September 3. Piper Jaffray has “Overweight” rating and $225 price target. The stock of Panera Bread Co (NASDAQ:PNRA) earned “Buy” rating by UBS on Thursday, July 30.
About 277,642 shares traded hands. Panera Bread Co (NASDAQ: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 $46.26M for 26.64 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.
The Germany-based Deutsche Retail Bank Ag has invested 0.01% in Panera Bread Co (NASDAQ:PNRA). Ubs Asset Mngmt Americas has 121,188 shares for 0.03% of their US portfolio. Alliancebernstein Lp reported 384,637 shares or 0.07% of all its holdings. Loomis Sayles Com Lp last reported 0.02% of its portfolio in the stock. Lord Abbett Lc accumulated 318,735 shares or 0.21% of the stock. Leavell Inv has invested 0.07% of its portfolio in Panera Bread Co (NASDAQ:PNRA). Liberty Mutual Group Asset Mngmt owns 9,983 shares or 0.08% of their US portfolio. Retirement Sys Of Alabama last reported 0.04% of its portfolio in the stock. Principal Fincl Group Inc Inc has 91,271 shares for 0.03% of their US portfolio. Nationwide Fund Advsrs has 164,115 shares for 0.15% of their US portfolio. Magnetar Fincl Lc has 0.01% invested in the company for 2,433 shares. Metropolitan Life Insurance Company New York has 22,423 shares for 0.04% of their US portfolio. Proshare Ltd Company reported 2,040 shares or 0.01% of all its holdings. Citigroup accumulated 16,492 shares or 0% of the stock. Federated Incorporated Pa reported 12,754 shares or 0.01% of all its holdings.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 7 insider sales for $265,565 net activity. Blair Scott G also sold $14,653 worth of Panera Bread Co (NASDAQ:PNRA) on Friday, October 28. Simpson William Henry Jr. also sold $142,181 worth of Panera Bread Co (NASDAQ:PNRA) on Wednesday, June 1. $7,897 worth of shares were sold by Wooldridge Mark D. on Tuesday, August 30.
Panera Bread Company is a food service provider. The company has a market cap of $4.93 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 35.45 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 important 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 published article titled: “Panera Bread Co. Bakes Up a Strong Quarter”, Schaeffersresearch.com published: “Analyst Downgrades: Panera Bread Co, AstraZeneca plc, and Canadian Solar Inc.” on November 28, 2016. More interesting news about Panera Bread Co (NASDAQ:PNRA) was released by: Etfdailynews.com and their article: “Panera Bread Co Shares Surge 6% as Q3 Earnings Top Estimates” with publication date: October 25, 2016.
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