November 28, 2016 - By Ellis Scott
Wedbush downgraded the shares of Panera Bread (NASDAQ:PNRA) from a Outperform rating to Neutral rating in a an analyst note made public on Monday morning. The company currently has a $220.00 target on firm.
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. The company was initiated on Wednesday, August 19 by Maxim Group. Morgan Stanley upgraded it to “Overweight” rating and $250 target price in Tuesday, March 8 report. The company was upgraded on Tuesday, April 19 by KeyBanc Capital Markets. The rating was maintained by Maxim Group on Monday, January 4 with “Buy”. The firm has “Buy” rating by Maxim Group given on Monday, November 23. As per Monday, October 10, the company rating was upgraded by Longbow. The stock has “Sell” rating given by Stifel Nicolaus on Tuesday, July 26. As per Wednesday, October 28, the company rating was maintained by Maxim Group. Credit Suisse maintained the shares of PNRA in a report on Thursday, February 11 with “Outperform” rating. RBC Capital Markets initiated the stock with “Outperform” rating in Wednesday, July 20 report.
About 254,263 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 earnings per share, 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 earnings per share 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 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.
Bessemer Group holds 0.24% or 204,269 shares in its portfolio. Teachers Advsr last reported 19,108 shares in the company. Winfield Assocs holds 0% or 10 shares in its portfolio. Essex Investment Company holds 0.38% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 10,641 shares. Segall Bryant & Hamill Lc last reported 0.14% of its portfolio in the stock. Principal Fincl Inc holds 0.03% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 91,271 shares. Cantab Cap Prns Llp has 0% invested in the company for 3,957 shares. Commerce Retail Bank accumulated 8,018 shares or 0.03% of the stock. Prudential Plc holds 0% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 1,200 shares. Ls Inv Advsr Limited Liability Company holds 0.02% or 1,396 shares in its portfolio. Cubist Systematic Strategies Limited Co last reported 0.11% of its portfolio in the stock. Orrstown owns 10 shares or 0% of their US portfolio. World Asset has invested 0.01% of its portfolio in Panera Bread Co (NASDAQ:PNRA). Security Natl Trust Co holds 1,925 shares or 0.15% of its portfolio. Arizona State Retirement Systems holds 0.03% or 10,181 shares in its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 7 selling transactions for $265,565 net activity. Blair Scott G sold $67,742 worth of Panera Bread Co (NASDAQ:PNRA) on Monday, August 15. Simpson William Henry Jr. sold $142,181 worth of stock or 650 shares. On Tuesday, August 30 Wooldridge Mark D. sold $7,897 worth of the stock or 36 shares.
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”, Etfdailynews.com published: “Panera Bread Co Shares Surge 6% as Q3 Earnings Top Estimates” on October 25, 2016. More interesting news about Panera Bread Co (NASDAQ:PNRA) was released by: Stltoday.com and their article: “Panera closes St. Louis Bread Co. on South Grand” with publication date: November 08, 2016.
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By Ellis Scott