Rating On Watch: Panera Bread (NASDAQ:PNRA) Is a Stock Wedbush Is Wary of; Firm Downgrades It

November 28, 2016 - By Ellis Scott

Rating On Watch:  Panera Bread (NASDAQ:PNRA) Is a Stock Wedbush Is Wary of; Firm Downgrades It

Panera Bread (NASDAQ:PNRA) Downgrade

Trading of Panera Bread (NASDAQ:PNRA)‘s shares is going to be interesting today, as Wedbush decreased the stock from a Outperform to a Neutral. Along the rating downgrade, Wedbush analysts gave a PT of $220 or 1.31% more.

Panera Bread Co (NASDAQ:PNRA) Ratings Coverage

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 7.80% above today’s ($217.16) stock price. Panera Bread has been the topic of 26 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Outperform” rating and $220 target price in Thursday, February 11 report. The rating was maintained by Maxim Group with “Buy” on Monday, January 4. Telsey Advisory Group initiated Panera Bread Co (NASDAQ:PNRA) on Tuesday, September 29 with “Outperform” rating. The stock has “Sell” rating given by Stifel Nicolaus on Tuesday, July 26. As per Tuesday, April 19, the company rating was upgraded by KeyBanc Capital Markets. Credit Suisse maintained Panera Bread Co (NASDAQ:PNRA) rating on Thursday, October 29. Credit Suisse has “Outperform” rating and $215 price target. The stock of Panera Bread Co (NASDAQ:PNRA) has “Outperform” rating given on Wednesday, July 20 by RBC Capital Markets. The rating was upgraded by BTIG Research on Wednesday, January 27 to “Buy”. The firm earned “Buy” rating on Tuesday, April 19 by Jefferies. Wedbush maintained it with “Outperform” rating and $250 target price in Thursday, April 28 report.

The stock decreased 0.34% or $0.74 during the last trading session, hitting $217.16. About 200 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 $46.23 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 Q2 2016. Its up 0.16, from 0.89 in 2016Q1. The ratio is positive, 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.

Us State Bank De last reported 5,400 shares in the company. Keybank Natl Association Oh accumulated 0.01% or 4,963 shares. Checchi Cap Advisers Limited Liability Com holds 0.01% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 215 shares. Psagot Invest House Limited has 30 shares for 0% of their US portfolio. The Nevada-based Whittier Trust Of Nevada Inc has invested 0.02% in Panera Bread Co (NASDAQ:PNRA). Davy Asset Ltd last reported 6,338 shares in the company. Dg Cap accumulated 5,047 shares or 1.14% of the stock. Cipher Capital L P accumulated 3,899 shares or 0.06% of the stock. Timber Hill Lc accumulated 1,637 shares or 0% of the stock. Nicholas Investment Prtn Ltd Partnership accumulated 0.13% or 8,860 shares. Swiss National Bank last reported 39,600 shares in the company. Art Advsr Llc owns 12,214 shares or 0.13% of their US portfolio. Johnson Group Inc holds 0.01% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 384 shares. Parkside Finance Bankshares reported 50 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department holds 13,400 shares or 0.01% of its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 7 selling transactions for $265,565 net activity. Another trade for 76 shares valued at $14,653 was sold by Blair Scott G. 36 shares were sold by Wooldridge Mark D., worth $7,897. $142,181 worth of Panera Bread Co (NASDAQ:PNRA) 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. >”

PNRA Company Profile

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: Wsj.com and their article: “Panera Bread Raises Projections on Better-Than-Expected Quarterly Results” published on April 26, 2016 as well as Etfdailynews.com‘s news article titled: “Panera Bread Co Shares Surge 6% as Q3 Earnings Top Estimates” with publication date: October 25, 2016.

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